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, January 16, 2013 Ex-iShares CEO Says Firm Needs More Competition iShares 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.” MFWire recently reported on iShares discovering a boom in ETF use by active managers as well as the firm’s three big goals for 2013. Printed from: MFWire.com/story.asp?s=42703 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |