Here's a roundup of interesting activity in the industry. 

Competition is forcing ETF providers to cut fees on products. BlackRock announced significant fee reductions on five bond ETFs including 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 announcement comes after BlackRock rival State Street reduced costs on 41 funds while Vanguard also cut prices on six offerings.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.