“Lyxor, the Paris-based asset manager, has spoken out for the first time about its decision to impose a block on investors withdrawing money from its Greek exchange traded fund.  Lyxor imposed the block after the closure of the Athens stock exchange last Monday, with the crisis in Greece continuing to escalate.  The move fueled concern among critics, who fear ETF trading is vulnerable to disruption when market conditions become volatile. Lyxor’s decision has come under particular scrutiny because Global X, a US manager, has allowed investors to continue to trade its $322 million Greek ETF.”

http://www.cnbc.com/id/102810533

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