Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:BlackRock Aims to Lure Retirement Savers Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 31, 2013

BlackRock Aims to Lure Retirement Savers

News summary by MFWire's editors

BlackRock [profile] may be the biggest asset manager in the world but it doesn't lead with mutual fund assets in 401(k) plans, trailing Fidelity [profile] and Vanguard [profile] , Bloomberg's Margaret Collins and Alexia Leondis write. To move into a more retail space, BlackRock has launched ten indexes and five funds designed to appeal to investors saving for retirement.

Bloomberg's two reporters write that the indexes will let aspiring retirees calculate how much their savings will equal in annual income when they reach 65. Meanwhile, the five investment-grade bond mutual funds will be linked to the indexes, which adjust for variables including interest rates, inflation and assumptions about lifespans.

BlackRock CEO Larry Fink began a campaign to build BlackRock's brand and shook up leadership in an effort to improve fund performance, Collins and Leondis write. Fidelity enjoys an 11 percent market share in open-end mutual funds and American Funds boasts 12 percent, but BlackRock has less than 2 percent, according to Morningstar data gathered in the Bloomberg report.

BlackRock's indexes allows investors, usually starting at age 55, to select the fund that corresponds to the year they expect to need retirement income, Collins and Leondis report.

To read more, click here

Edited by: Casey Quinlan


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use