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.  
Edited by:
HFD
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE