Just over three years ago, BlackRock, Inc.'s (NYSE: BLK) iShares unit, the world's largest issuer of exchange-traded funds, created the iShares Core Series, then a suite of 10 ETFs aimed at cost-conscious, long-term investors.
Comprised of four new and six existing funds, one of the pillars of the iShares Core Series was and continues to be low fees – one of the primary reasons so many buy-and-hold investors have ditched high-fee mutual funds for ETFs over the years. Fast-forward 37 months and not only has the iShares Core Series significantly expanded in terms of number of ETFs, but iShares is also taking the fee fight to low-cost leaders such as Vanguard and Charles Schwab Corp (NYSE: SCHW).
Undergoing Changes
In an announcement made Tuesday, iShares said it is paring the fees on seven of its core ETFs, bringing some of the annual expense ratios on those funds to as low as 0.03 percent per year. That works out to be a mere $3 for every $10,000 invested.
A Look ...
/www.benzinga.com/trading-ideas/long-ideas/15/11/5972014/blackrocks-ishares-struts-its-low-fee-etf-stuff alt=BlackRock's iShares Struts Its Low Fee ETF Stuff>Full story available on Benzinga.com
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