MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, July 31, 2012 Fink's Under Pressure One man's pain is the next man's pleasure. Soon after admitting BlackRock [profile] is losing clients to Vanguard's [profile] low-cost ETFs, Larry Fink promised that changes are to come. That could be good news for investors, reports the Wall Street Journal. Fink didn't specify exactly what changes during that earnings call. But some analysts are adamant the world's leading ETF provider has to cut its fees to stay on top. "Cutting prices is the only thing you can do," says industry consultant James Pacetti. "How else can you compete?" Some alternative options available to BlackRock include coming up with the next big thing in ETFs, or to develop more non-passive indexes. But both will be difficult for BlackRock, analysts say. Printed from: MFWire.com/story.asp?s=40786 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |