|Bid||477.00 x 800|
|Ask||477.91 x 1100|
|Day's Range||475.41 - 477.38|
|52 Week Range||408.62 - 594.52|
|PE Ratio (TTM)||14.34|
|Earnings Date||Oct 9, 2018 - Oct 15, 2018|
|Forward Dividend & Yield||12.52 (2.57%)|
|1y Target Est||585.67|
BlackRock, Inc. (BLK) plans to close and liquidate the following iShares exchange-traded product based on the ongoing review of its product lineup to ensure it meets the evolving needs of clients. CMDY was launched in April 2018 to provide exposure, on a total return basis, to a diversified group of commodities including agriculture, energy and metals.
JPMorgan Chase & Co.’s exchange-traded funds raked in $2.5 billion in July, a record haul for the bank that signals a turnaround for the lagging four-year-old business. The New York bank’s asset-management division launched its first ETF in June 2014, but it took more than two years for its funds to crack $1 billion in assets. It was a slow start, especially compared with Goldman Sachs Group Inc., which debuted its first ETF a year after JPMorgan but raised $3 billion in just 18 months.
In times of market trouble, investors look for ways to limit their exposure while not foregoing returns entirely. While one could choose plain cash, the real rate of cash is negative; with inflation chipping away at value, a cash holding actually declines in value over time.
Elga Bartsch has moved to BlackRock as head of economic and markets research for the BlackRock Investment Institute (BII), the global research platform of the world’s largest fund manager. Ms Bartsch has ...
Following a stellar 2017, emerging market (EM) equities are once again on the back foot. The MSCI Emerging Market Index is trailing developed markets stocks by roughly 8% this year, despite rallying in recent weeks. Unlike the U.S., EM equities never ...
Megan Greene, in “ Passive investing is storing up trouble ” (August 3) makes three common but unfounded arguments about the impact of exchange traded funds (ETFs) on markets. First, ETFs do not control ...
This month, one of the biggest investment firms decided not only to make lunch free but to throw in dinner as well. On one hand, this was only a small, natural progression in the intensifying price war that is reshaping the investment industry.
NEW YORK, Aug. 06, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of BioTelemetry, ...
The following financial services industry appointments were announced on Monday. To inform us of other job changes, email firstname.lastname@example.org. CREDIT SUISSE GROUP AG Khalid Krim is returning to Credit ...
and BlackRock have been accused of accelerating foreclosure action against struggling American subprime borrowers in the aftermath of the financial crisis. The allegation comes from Bill Erbey, founder of Ocwen Financial, the biggest subprime mortgage servicing company in the US, who is pursuing a legal action against the two asset management giants in the US Virgin Islands. In an action for unspecified damages filed earlier this year in St Croix, Erbey Holding Corporation and related entities claim a “covert criminal conspiracy” was perpetrated with the “specific intent and purpose of gouging enormous profits from the forced foreclosures and confiscation of the homes of hundreds of thousands of struggling families all across the United States”.
The Fed is confident in the economy now, but by next year it may have to slow interest rate hikes and it may have to stop paring back its balance sheet, according to BlackRock's chief investment officer for fixed income.
Shares of BlackRock were in the red on the news that privately held Fidelity Investments is launching what could be the first no-cost index funds, the same month that Vanguard Group is waiving fees on all ETF trades on its platform. Separately the company announced it has completed the acquisition of Tennenbaum Capital Partners. Paycom Software, Inc. shares closed up 18.53% on almost 4.4 million shares traded on Wednesday.
On July 31, Morningstar began including costs associated with interest expense and dividends on borrowed securities in the fund's annual report and prospectus net expense ratios. The prospectus net expense ratio is displayed on Morningstar.com and used to calculate the Morningstar Fee Level. This change directly affects about 550 mutual funds, or 6% of all U.S. mutual funds and exchange-traded funds, as of the end of July.
BlackRock, the world's biggest asset manager, said on Thursday it had hired ex-Morgan Stanley banker Elga Bartsch as Head of Economic and Markets Research for the BlackRock Investment Institute. Bartsch spent more than two decades at Morgan Stanley and was most recently the U.S. bank's chief European economist and global co-head of economics, BlackRock said in a statement. In her role, Bartsch will lead BII's research on global macroeconomic topics and will be based in London, it said.
The Boston asset manager said it would begin selling two new index mutual funds on August 3 that give investors non-fee exposure to US and international stocks, tracking Fidelity’s in-house equity indices to cut costs. The company also said it was cutting management fees on its suite of existing index funds. The news triggered stock drops among Fidelity’s rivals, many of which continued into a second day.
Active fund management has waned in the era of QE. According to data collected by investment bank Lazard, passive mutual funds and ETFs have seen net inflows since 2007 of $1.3tn while active strategies have had similar net outflows. Fidelity is not as big a player in passive strategies as Vanguard or BlackRock.
Fidelity Investments outlined plans on Wednesday to launch no-fee index funds, hurting the shares of rivals including BlackRock Inc as investors worried about lower profits. The move marked the latest round of price cutting in the asset management industry, which has benefited from rising markets and steady inflows of investor cash to passively managed products. "This news has likely led to the significant selling-off of asset manager stocks today with many of the stocks we track down (3 percent to 5 percent) versus flat for the S&P 500 index," Wells Fargo analyst Christopher Harris said in a research note.
Jeffrey Rosenberg, BlackRock Inc. chief fixed-income strategist, and Diane Swonk, Grant Thornton chief economist, discuss the decision by the Federal Reserve's policy-making Federal Open Market Committee ...
Shares of asset managers, including industry giant BlackRock (BLK), are falling on Wednesday, on news that privately held Fidelity Investments is launching what may be the first no-cost index funds, the same month that Vanguard Group is waiving fees on all ETF trades on its platform. In many cases, it hasn't been a good year to be an asset manager, with major players throughout the industry, including BlackRock (BLK), Charles Schwab (SBHW), Federated Investors (FII), Franklin Resources (BEN), Invesco (IVZ), and Legg Mason (LM) in the red since the start of 2018. Both the Fidelity Zero Total Market Index fund and the Fidelity Zero International Index fund will be available to investors on Friday, the mutual fund giant said.
Fidelity Investments is introducing two core equity index mutual funds covering the U.S. and international markets without any management fee. The fee war in the index fund and ETF space has been intense with leaders Vanguard Group, Schwab and BlackRock iShares engaged in an endless battle to be the low-fee leader. Experts have long expected that a major fund company would make the move soon to offer core index funds without any fee.