"We expect to be announcing a whole strategy in how are we addressing the fee issue related to these large, liquid, core types of ETFs," Fink, who is chief executive officer of New York-based BlackRock, said today at the Barclays 2012 Global Financial Services Conference.
BlackRock, the world's largest ETF provider, has lost market share as rivals such as Vanguard Group Inc. attract investors. BlackRock's U.S. market share in the ETF business fell 1.4 percentage points in the first half of this year to about 41 percent, compared with an increase of 1.7 percentage points for Vanguard to 18 percent, according to a report by State Street Global Advisors.
Fink, whose company drew $23.5 billion deposits into its iShares ETFs this year through June 30, said in July that he wasn't pleased with BlackRock's ETF market share in the second quarter.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
