BlackRock cuts fees on three core ETFs
The asset manager is reducing the cost of key iShare funds by one basis point
BlackRock has cut its management fee by one basis point on three popular exchange-traded funds in its iShare Core S&P series.
The world’s largest money manager said that is has reduced the expense ratios of its iShares Core S&P 500 ETF (IVV) to 0.03% from 0.04%, its iShares Core S&P Mid-Cap ETF (IJH) to 0.05% from 0.06%, and its iShares Core S&P Small-Cap ETF (IJR) to 0.06% from 0.07%.
BlackRock announced the fee cuts in a release in connection with the 20-year anniversary of its Core ETFs.
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