Laurence Fink From Blackrock Has No Intentions To Raise ETF Fees

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June 12, 2009 3:18pm ETF BASIC NEWS

larry-finkWith all eyes on the acquisition of Barclay’s iShares business unit “BlackRock Inc. Chief Executive Laurence Fink on Friday told Fox Business he has no plans to raise expense ratios at Barclays Global Investors’ lineup of exchange-traded funds,” Fox Reports.  


“I could say with total clarity they’re not going higher,” Fink said during an interview with Fox Business. “We’re going to keep them where they are or bring them down.”  “The BlackRock CEO said he expects ETFs to continue their fast rate of growth and that the firm could introduce actively managed ETFs,” Fox Reports.


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