BlackRock's [
profile] strong third quarter earnings and its price competition with
Vanguard are attracting media attention.
The New York City-based mutual fund and ETF shop
released its Q3 earnings Wednesday. The world's largest asset manager soundly beat analysts' expectations, thanks in part to $25.2 billion in net
iShares [
profile] inflows.
Bloomberg and the
New York Times both covered the results. The
Times in particular highlighted the success of iShares last quarter.
Also, as
noted yesterday by
MFWire, BlackRock CEO
Larry Fink used his Q3 earnings call to attack the idea of the so-called ETF fee war between his iShares unit and rivals like Vanguard and Schwab.
MFWire linked to multiple articles on Fink's remarks, from the likes of the
Financial Times,
Reuters and the
Wall Street Journal. 
Edited by:
Neil Anderson, Managing Editor
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