Reported 2 days ago
BlackRock is expanding its retail-focused investment products, including more exchange-traded funds, to appeal to a new wave of European investors, as it faces increasing competition from local rivals. Despite holding a dominant 43% market share in European ETFs through its iShares unit, BlackRock is actively seeking partnerships with local banks and plans to introduce more bond and actively managed ETFs to engage a greater number of first-time investors. This shift comes as the European Union promotes a 'Savings and Investment Union' strategy aimed at redirecting a significant portion of household savings into investments.
Source: YAHOO