, Columnist
BlackRock's Golden Goose May Be Killing Jobs
Investors are piling into funds that need less active management.
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BlackRock has been tremendously successful with its empire of exchange-traded funds. That may be great news for its business, but perhaps not so much for its workforce.
Without a doubt, ETFs are going to play a huge role in the future of asset management, and any firm that has a leg up in this arena will probably accumulate a greater share of assets.