MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 7, 2012 Industry Gives Kudos to Fink's Fee Cuts 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. Printed from: MFWire.com/story.asp?s=41937 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |