BlackRock Is the Winner and Loser in This Bond ETF Fee Fight
- An investor likely moved over $500 million into USIG this week
- Meanwhile BlackRock’s LQD sees outflow of more than $1 billion
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The fee fight continues in ETF land. But now it’s happening within fund firms themselves.
BlackRock Inc.’s $2.2 billion iShares Broad USD Investment Grade Corporate Bond ETF, or USIG, took in a record $624 million on Tuesday. It appears that one buyer executed four massive block trades in the exchange-traded fund, the largest being 5 million shares worth $267.5 million, according to Bloomberg data.