BlackRock Cuts Fees on World’s Biggest Bond ETF and More
- Issuer cuts expense ratio on $85 billion AGG fund to 0.03%
- Major issuers continue to trim costs to gain an edge
This article is for subscribers only.
BlackRock Inc. has just cut costs across a handful of ETFs -- including the biggest bond fund in the industry -- as big issuers ramp up the famous fee war across the $7 trillion U.S. marketplace.
In Securities and Exchange Commission filings Thursday after the market close, the world’s largest issuer of exchange-traded funds reduced the expense ratio on the $85 billion iShares Core U.S. Aggregate Bond ETF (ticker AGG) to 0.03% from 0.04%.