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BlackRock Inc.’s Laurence D. Fink, who heads the world’s largest asset manager, said the firm will announce fee reductions for large exchange-traded funds next quarter, after losing market share to rivals.

“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.

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