In the latest BlackRock quarterly earnings call, Fink acknowledged the company’s ETF arm iShares was losing market share to low-cost competitors in some products but said the firm had a plan to bolster inflows. “Without going into much detail we believe we have a plan to address it over the coming months,” he said in July.
On Monday, the BlackRock CEO said the firm is the most excited about the opportunities in ETFs since it acquired the iShares business from Barclays.
“We think there are huge opportunities on the retail side and there’s continual growth on the institutional side,” Fink said.
He added the firm sees structuring ETFs on behalf of its clients as another growth driver.