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Friday, November 15, 2013|
BlackRock Pushes ETFs to Banks
BlackRock [profile] is now pushing its corporate ETF products to the 7,000 regional and community banks across the country, according to Reuters.
The newswire reports that the fund goliath sees demand for its corporate debt ETFs because banks are starting to look for ways to dial down on interest rate risk.
The products BlackRock is looking to push to banks are the iSharesBonds ETFs, which feature 100 to 200 investment-grade corporate bonds and an expense ratio of one basis point, according to Reuters.
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