BlackRock has cut its management fee by one basis point on three popular exchange-traded funds in its iShare Core S&P series.
The world’s largest money manager said that is has reduced the expense ratios of its iShares Core S&P 500 ETF (IVV) to 0.03% from 0.04%, its iShares Core S&P Mid-Cap ETF (IJH) to 0.05% from 0.06%, and its iShares Core S&P Small-Cap ETF (IJR) to 0.06% from 0.07%.
BlackRock announced the fee cuts in a release in connection with the 20-year anniversary of its Core ETFs.
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
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