BlackRock Inc. has just cut costs across a handful of ETFs — including the biggest bond fund in the industry — as big issuers ramp up the famous fee war across the $7 trillion U.S. marketplace.
In Securities and Exchange Commission filings Thursday after the market close, the world’s largest issuer of exchange-traded funds reduced the expense ratio on the $85 billion iShares Core U.S. Aggregate Bond ETF (ticker AGG) to 0.03% from 0.04%.
It also took an ax to expenses on two stock ETFs, previously known as the $1.26 billion iShares MSCI USA Multifactor ETF (ticker LRGF) and the $911 million iShares MSCI International Multifactor ETF (ticker INTF). It cut fees on the former to 0.08% from 0.2%, and to 0.15% for INTF, from 0.3%.
Read more: BNN Bloomberg
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.