A historically small number of Big Tech firms keep driving equity indexes to new highs.
Fidelity Investments is looking for a cut of the revenues of the ETFs on its platform.
BlackRock's fund dethroned the $19.65 billion Grayscale Bitcoin Trust.
The effort goes against the grain of a U.S. retirement structure built around mutual funds.
While 95 new mutual funds have debuted this year, 123 have already shuttered.
Lake has led the asset manager's ETF effort globally.
Big tech companies are being viewed by investors as shares that can withstand anything the economy throws at them.
Morningstar warned Wall Street money managers pouncing on the breakneck rush into active ETFs.
The world's largest asset manager will flip the $700 million BlackRock International Dividend Fund.
This ETF is loading up on equity-focused closed-end funds it says are offering large discounts.
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