BlackRock cuts fees on three core ETFs

BlackRock cuts fees on three core ETFs
The asset manager is reducing the cost of key iShare funds by one basis point
JUN 26, 2020

BlackRock has cut its management fee by one basis point on three popular exchange-traded funds in its iShare Core S&P series.

The world’s largest money manager said that is has reduced the expense ratios of its iShares Core S&P 500 ETF (IVV) to 0.03% from 0.04%, its iShares Core S&P Mid-Cap ETF (IJH) to 0.05% from 0.06%, and its iShares Core S&P Small-Cap ETF (IJR) to 0.06% from 0.07%.

BlackRock announced the fee cuts in a release in connection with the 20-year anniversary of its Core ETFs.

Latest News

SEC kills 'gag rule' that silenced thousands of settling defendants for over 50 years
SEC kills 'gag rule' that silenced thousands of settling defendants for over 50 years

ASA reacts as regulator drops no-deny policy, freeing firms and individuals to publicly dispute allegations after reaching settlements.

Washington state regulators claim advisor was running Ponzi-like fund
Washington state regulators claim advisor was running Ponzi-like fund

Joel Frank allegedly sold more than $39 million worth of investments in the Equilus Funds to more than 90 investors,

Bipartisan bill aims to take down 401(k) charitable giving hurdle
Bipartisan bill aims to take down 401(k) charitable giving hurdle

The Charity Parity Act would eliminate a costly IRA rollover requirement that blocks direct charitable transfers from workplace retirement plans.

Trump drops $10 billion IRS lawsuit as $1.7B settlement fund takes shape
Trump drops $10 billion IRS lawsuit as $1.7B settlement fund takes shape

A last-minute court filing ends a case against the federal tax-collecting agency that had drawn unprecedented conflict-of-interest questions from Democratic critics.

You Can’t Spell Advisor without AI
You Can’t Spell Advisor without AI

Advisors discuss their use of AI now and how it will change going forward

SPONSORED Beyond wealth management: Why the future of advice is becoming more human

As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management

SPONSORED Durability over scale: What actually defines a great advisory firm

Growth may get the headlines, but in my experience, longevity is earned through structure, culture, and discipline