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Tuesday, July 09, 2013

BlackRock Keeps Bringing in ETF Dollars

News summary by MFWire's editors

BlackRock is racking 'em up. The behemoth firm recently bought up billions of dollars more of its favorite product: ETFs.

Its last big splurge was on Credit Suisse (CS), which it acquired earlier this month.

The Motley Fool's Nicole Seghetti suggests that BlackRock clients will benefit from the deal, as they now have access to a big and varied European ETF offering, as well as beefs up BlackRock's stance as the leading asset manager in the European market. Furthermore, Seghetti says, the deal helps Credit Suisse's by falling in line with the firm's desire to streamline its business operations.

And the more ETFs we have available to us, the cheaper they'll be, suggest Seghetti. In following that logic, go buy your ETFs, fundsters.  

Edited by: Nicole Spector

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