(Bloomberg) -- BlackRock, the world’s largest money manager, cut fees on five bond exchange-traded funds, joining rivals in lowering costs to attract more investors.

BlackRock cut fees on iShares J.P. Morgan USD Emerging Markets Bond ETF, iShares Emerging Markets Local Currency Bond ETF, iShares Emerging Markets High Yield Bond ETF, iShares Emerging Markets Corporate Bond ETF and iShares B-Ca Rated Corporate Bond ETF, the New York-based firm said in a statement.

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