Jan. 15 (Bloomberg) -- BlackRock Inc. Chief Executive Officer Laurence D. Fink said exchange-traded funds may eventually make up 25 percent of the mutual-fund industry.
ETFs will exceed that if active mutual-fund managers don’t beat their benchmarks, Fink said at the 2014 ETF Virtual Summit today. Growth of exchange-traded products will be aided by adoption in Europe and Asia, said Fink, whose iShares unit is the world’s largest provider of ETFs.
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