BlackRock has become the largest money manager with more than $3 trillion in assets under management, including assets in both passive and active management. iShares has more than 400 products, which make up a 47% market share. The next largest competitor is State Street Global Advisors, with around 16% market share.
Bradley Kay, ETF analyst at Morningstar, thinks BlackRock will be able to help iShares mold its portfolios to better track indexes and arrange better index sampling. The strong financial backing of BlackRock will also help iShares develop its European ETF Market.
For more information on ETFs, visit our ETF 101 category.
Max Chen contributed to this article.