American money manager BlackRock has slashed the fees on investing in two of UK’s FTSE 100 exchange-traded funds (ETFs) as price war heats up among passive fund providers.
The company has reduced the price on its flagship distributing iShares FTSE 100 UCITS ETF to 7bps from from 40 bps.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The price of the accumulation version will also see its fee reduced to 7bps from 10bps, the company said.
Fergus Slinger, head of UK sales at iShares said, "As the FTSE 100 hits record highs, the price of investing in it is falling. The ETF market throughout Europe is growing hugely, and today’s changes are about ensuring the demand UK investors have for ETFs is met with the right products at the right price."
The ETF’s distributing version, the first ETF to list on the London Stock Exchange in April 2000, manages £3.8bn in assets. It pays out the dividends from FTSE100 companies.
The accumulating version of the ETF is designed to retain and reinvest those dividends.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe company is also poised to incorporate the distributing FTSE 100 ETF in place of the accumulating fund in the iShares Core series of funds for UK investors.
