The $6.6bn iShares Floating Rate Bond ETF now carries a fee of 15 basis points
BlackRock has shaved up to 10 basis points off the fees on eight ETFs, including a family of target-risk strategies and a popular floating-rate bond product, filings show.
The new expense ratios went into effect immediately, according to disclosures. The ETFs represented a combined $14bn in assets as of September 30, according to Morningstar Direct. BlackRock chopped 10bp off four multi-asset ETFs that invest in other iShares ETFs.
Fees fell to 15bp on the $1.9bn iShares Core Growth Allocation ETF, $1.8bn iShares Core Moderate Allocation ETF, $1.5bn iShares Core Aggressive Allocation ETF and $971m iShares Core Conservative Allocation ETF, disclosures show.
Read more/Source: FT
