Vanguard’s Record Fee Cuts Put BlackRock, Invesco in a Tough Spot

News February 05, 2025 at 01:31 PM
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What You Need To Know

  • The move sent shock waves across asset management on Monday, dragging down BlackRock to its worst day since 2022.
  • Fueling the angst is the fact that Vanguard isn’t under the same pressure to maintain margins as its competitors are.
  • While rock-bottom fees produce brutal economics for ETF firms, investor demand tends to be highly concentrated toward the cheapest products.

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