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BlackRock ETFs near $1 trillion as it loses market share to Vanguard

Posted on 01 July 2014

Even as BlackRock Inc is set to amass $1 trillion in exchange-traded fund assets in its iShares business, U.S. retail investors increasingly prefer to send their money to low-cost leader Vanguard Group, highlighting a weak spot for the world’s biggest money manager.
With $998 billion in ETF money, BlackRock has more than the next contenders, Vanguard and State Street Corp, combined. But the company has struggled to compete with Vanguard, known for its investor-friendly low-cost investing, for Mom and Pop’s nest eggs. Retail investors now account for more than half of the $1.8 trillion in ETF assets under management in the U.S, according to consulting firm PwC………………………………………..Full Article: Source


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