ETF industry giants slash fees to grab market share: WSJ [Seeking Alpha]
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
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Source: Seeking Alpha
Cutting prices to attract new customers or lure clients away from competitors isn't exactly a new tactic, but rivals in the ETF industry seem to be discovering it. There's a lot at stake when it's a $3.5T industry that could exceed $10T in assets within the decade as investors drop expensive mutual funds in favor of the cheapest ETFs, the Wall Street Journal reports . ETF fees have declined by almost a third in 10 years, according to Morningstar.The cheapest ETFs cost $3/year for every $10,000 invested, and some analysts predict that they could go lower. Of new money flowing into ETFs in the past year, more than 75% has gone into funds that cost $15 a year or less for every $10,000 invested, a JPMorgan Chase report says. BlackRock (NYSE: BLK ) cut fees on several stock and bond ETFs last month, State Street (NYSE: STT ) unveiled a new low-cost line of funds in October, and Vanguard expanded its lineup of commission-free ETFs earlier this month. While cutting fees
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- BlackRock® Canada Announces April Cash Distributions for the iShares® ETFs [Financial Post (Toronto, Ontario, Canada)]Financial Post
BLK
Earnings
- 4/12/24 - Beat
BLK
Sec Filings
- 4/12/24 - Form 8-K
- 4/10/24 - Form PX14A6G
- 4/10/24 - Form PX14A6G
- BLK's page on the SEC website