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Stock Market & Financial Investment News

News Breaks
December 13, 2012
12:29 EDTBLKBlackRock offers regulators compromise on money fund rules, Reuters says
BlackRock (BLK) has offered U.S. regulators a proposal to reach a deal over tightened regulations on money market funds, according to a Reuters report. The report says that BlackRock proposed money funds maintain their net asset value in times of turmoil by imposing a 1% fee on customer withdrawals, and that these fees would go back into the funds. Reference Link
News For BLK From The Last 14 Days
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February 2, 2016
07:20 EDTBLKSEC Equity Market Structure Advisory Committee to hold a meeting
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January 27, 2016
06:46 EDTBLKFee prices on mutual funds, ETFs sliding towards zero, WSJ says
There is intense fee price competition occurring in the asset management sector as several fund firms, including BlackRock (BLK), Charles Schwab (SCHW), and others, cut fees on their passive products close to 0%, the Wall Street Journal reports. The competition is suppressing industry margins and building a greater impetus for firms to achieve scale, the report says. The slide in costs have been under way for years but is accelerating as the sector's largest companies are targeting increasingly cost-obsessed investors, the report says. Over 100 mutual funds and exchanged-traded funds currently cost $10 or less per $10,000 invested, up from 40 in 2010, the report says, citing Morningstar. Reference Link
January 26, 2016
06:45 EDTBLKBlackRock says clients seeking more illiquid holdings, Bloomberg says
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