BlackRock’s Iron Grip on Europe Bond ETFs Defies Competition
- IShares dominates fixed-income ETFs in Europe with 67% share
- Deutsche Bank and Vanguard among rivals seeking a bigger slice
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Competitors to BlackRock Inc. are trying to loosen the investing giant’s stranglehold on Europe’s $153 billion bond exchange-traded fund market. They’re struggling to make much headway.
The company’s market share has increased in recent years to 67 percent, data from Morningstar Inc. show, even as competitors add new funds and offer low fees. Rivals are being stymied because BlackRock’s iShares can offer investors access to European bond funds holding 93 billion euros ($101 billion) of net assets, or more than nine times the tally at nearest rival Deutsche Bank AG.