BlackRock Plans More ETF Fee Cuts as War of Tiny Trims Rolls On
- Largest ETF issuer is lowering expense ratios on eight funds
- Schwab, Vanguard, State Street have all made similar moves
BlackRock headquarters in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Asset management giant BlackRock Inc. is cutting costs across eight of its exchange-traded funds as the industry’s endless fee war continues.
The world’s largest ETF issuer is lowering the expense ratios of three corporate bond funds and four factor-following equity products, BlackRock said in an email Friday. The $23 billion iShares 1-5 Year Investment Grade Corporate Bond ETF (ticker IGSB), the largest ETF included in the list, will now carry a fee of 0.04% versus 0.06% previously.