FYI: The pupil has become the master within BlackRock Inc.’s exchange-traded fund business, with cost-conscious investors favoring a range of cheap funds over more established products.
BlackRock’s ETF designed to offer price-efficient exposure to developed markets has outgrown its similar, more expensive fund for the first time, data compiled by Bloomberg show. The upstart -- the iShares Core MSCI EAFE ETF, known as IEFA -- now manages $63.6 billion after adding $522 million on Wednesday. The original iShares MSCI EAFE ETF, which has the ticker EFA, has $63.1 billion.
Regards,
Ted
https://www.fa-mag.com/news/blackrock-tops-blackrock-as-cheap-etf-surpasses-pricier-fund-44515.html?print
