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Rating:Industry Gives Kudos to Fink's Fee Cuts Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 07, 2012

Industry Gives Kudos to Fink's Fee Cuts

News summary by MFWire's editors

Larry Fink is getting inroads on that part of the market a trade pub calls the “single most important plot of land in the industry.”

BlackRock [profile] has gained positive feedback for its fee cut, according to the Financial Times. Vanguard's [profile] move was met with less enthusiasm.

The iShares Core S&P 500 ETF was awarded as the best-selling US ETF in October, according to data from ETF Industry Association. The fund recorded $2 billion of inflows after the fee cut was announced. Its Vanguard competitor only attracted $227 million.

The iShares Fixed Income ETF has also attracted $224 million compared to its Vanguard rival, which reported $152 million of new money.

The inflows to iShares this year rose by a third to $61.2 billion.  

Edited by: HFD


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