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BlackRock's Kapito Says ETFs Will Double in Three to Four Years

Calls the product "a better mousetrap" than a mutual fund
Says investors continue to come up with new uses for ETFs

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December 8, 2015, 3:28 PM UTC

Robert Kapito, the president of BlackRock Inc., said the market for exchange-traded funds will double over the next three or four years.

“ETFs are just a better mousetrap than a mutual fund,” Kapito said Tuesday at an investment conference sponsored by Goldman Sachs Group Inc. “Every day people are coming up with new uses for them.”