BlackRock Big Gainer From Retail "Land Grab"Bala Murali Krishna
Recent data suggest a re-acceleration of inflows into all ETFs, especially equity funds, and passive funds, as outflows from active equity funds deteriorated, according to Credit Suisse.
Among the biggest beneficiaries of the trend is BlackRock (BLK), which is seeing early signs of the equivalent of a retail “land grab” in the U.S., the bank said in a research note Dec. 14.
The New York fund manager’s trackable U.S. long-term net flows in November increased to over $16 billion, from a . . .
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