BlackRock gearing up for a fee war
Larry Fink, CEO of BlackRock, is planning to cut some ETF fees to stem the tide of assets flowing to lower priced competitors.
CEO Larry Fink says the fcompany plans to reduce fees on a number of ETFs to better compete with rivals.
BlackRock Inc. chief executive Laurence Fink on Monday confirmed what many already had expected when he said he planned to cut the fees on a number of iShares exchange-traded funds to better compete with lower-cost providers.
“We are going to have to reduce fees,” Mr. Fink told attendees at the
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