seems to be getting a lot of press lately. Two stories from IndexUniverse
are especially worth noting.
In the first story, Lee Kranefuss, ex-CEO and architect of the iShares exchange-traded fund business, tells IndexUniverse.eu
editor Paul Amery why his former firm needs more competition
Kranefuss is now executive-in-residence at global private equity firm Warburg Pincus
, where his role is to look for investment opportunities amidst consolidation in the ETF market.
For example, when it comes to European investors of ETFs, including those issued by U.S. sponsors, Kranefuss says that iShares is the largest player, three to four times bigger than its nearest competitors.
Meanwhile, in another article, IndexUniverse
reports that iShares has revamped
“ the way it goes about reporting expense ratios on its website for 42 ETFs in what appears to be an effort to provide investors with a more-up-to-date fee than the one that appears in each of the fund’s prospectuses.”
recently reported on iShares discovering a boom
in ETF use by active managers as well as the firm’s three big goals for 2013.
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