BlackRock Inc. Chief Executive Officer Laurence D. Fink

BlackRock Inc. Chief Executive Officer Laurence D. Fink

Kiyoshi Ota/Bloomberg

BlackRock Inc. Chief Executive Officer Laurence D. Fink has cut costs at some ETFs to fend of competition and urged investors to get back into equities as they’ve remained concerned by Europe’s sovereign-debt crisis and slowing economic growth worldwide.