BlackRock CEO Sees ‘Secular Shift’ to Index ETFs
Posted on January 18, 2013 at 12:30 PM EST
BlackRock (NYSE: BLK) Chief Executive Larry Fink during the firm’s fourth-quarter earnings call this week said the company continues to be “heavily focused” on ETFs, which represent nearly a quarter of its long-term assets under management. The BlackRock CEO sees a “secular shift to passive...