BlackRock is set to offer ETF share classes for five active mutual funds with combined assets of $55 billion, according to a post cited by Techub News from Eric Balchunas. The move was described as part of a recent wave of announcements involving mutual fund-to-ETF conversions and clone products. The reported plan points to a wider shift in product structure as asset managers respond to investor demand for more ways to access markets through ETFs. The note also said capital continues to move into ETFs, reinforcing the direction of travel for the broader fund industry. No further details on the individual funds were provided in the source item.
BlackRock will offer ETF share classes on five active mutual funds with a combined $55 billion in assets, according to Techub News, which cited a post from Eric Balchunas.
The move is part of a recent string of announcements covering mutual fund-to-ETF conversions and clone products.
According to the source item, BlackRock’s plan is meant to give investors a broader set of investment tools while aligning with the market’s shift toward ETF structures. The report added that a large amount of capital is now flowing into the ETF "river."
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