Wealth and Asset Management
BlackRock becomes latest to file for Vanguard-style share class structure
BlackRock has joined the list of firms filing to adopt Vanguard’s ETF multi-share class structure, pitching the dual-class flexibility as bolstering ETFs’ asset base by yoking them to mutual funds within 401(k)s. In a Wednesday filing with the Securities and Exchange Commission, the firm became the 33rd to apply for…
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Click here to read the full story: Financial Times