BlackRock Joins Goldman in Cloning JPMorgan’s Blockbuster ETF
- BALI tracks US stocks and sells call options to produce income
- Goldman, REX Shares have also applied for JEPI lookalike funds
BlackRock headquarters in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
BlackRock Inc. is the latest exchange-traded fund issuer to take aim at the runaway success of JPMorgan Chase & Co.’s biggest active strategy.
The actively managed BlackRock Advantage Large Cap Income ETF (ticker BALI), which began trading Thursday and charges 35 basis points, tracks dividend-paying stocks in addition to selling S&P 500 call options to generate additional payout streams, according to a press release.