BlackRock’s (BLK) new iShares Core Series of exchange traded funds has gathered $2 billion in a month, according to a report.
“I would say, so far, very happy with the successes,” said BlackRock President Rob Kapito in a Reuters report.
Last month, BlackRock announced expense ratio cuts at several of its existing ETFs as it launched the iShares Core Series targeting buy-and-hold investors. [BlackRock Hits Back in ETF Fee War]
The series is comprised of six rebranded ETFs and four recently launched iShares.