BlackRock waives ETF fees for New York Federal Reserve
The new fee structure addresses how the asset manager will handle conflicts of interest inherent in its arrangement with the Fed
BlackRock Inc. is waiving investment advisory fees on ETFs it buys on behalf of the Federal Reserve Bank of New York, according to documents published Friday.
The world’s largest asset manager may also collect more than $4 million per year for managing a separate portfolio of commercial mortgag
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