BlackRock's Weird Wish: ETF Rules That Help the Competition
- Mark Wiedman says ETF latecomers suffer under current law
- Fund issuers approved before 2012 have far greater flexibility
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BlackRock Inc. wants to take one for the team.
The world’s largest asset manager is calling for a new rule in the $3 trillion U.S. market for exchange-traded funds that would remove some of the impediments faced by wannabe issuers and potentially curtail the advantages of early movers -- like BlackRock, according to Mark Wiedman, global head of the company’s iShares business.