Pretty much all dome tweeters use ferrofluid. In addition to above points by timlub, it also helps align the voice coil. Small voice coils in a tweeter are susceptible to rocking motion.
Ferrofluid is a cheap solution to building a tweeter that will perform well for about 5 to 10 years. Usually performance declines audibly after 5 years and sometimes as little as 2 years. Replacing the ferrofluid is a good idea on 10 year old tweeters.
ATC now make all their transducers in house and their soft dome tweeter is one of very few that do not have ferrofluid. In order to overcome alignment or rocking issues they use a double spider to stabilize the voice coil and to overcome heat build up the manufacturing tolerances are very tight - costly to make.
Ferrofluid is a cheap solution to building a tweeter that will perform well for about 5 to 10 years. Usually performance declines audibly after 5 years and sometimes as little as 2 years. Replacing the ferrofluid is a good idea on 10 year old tweeters.
ATC now make all their transducers in house and their soft dome tweeter is one of very few that do not have ferrofluid. In order to overcome alignment or rocking issues they use a double spider to stabilize the voice coil and to overcome heat build up the manufacturing tolerances are very tight - costly to make.