BlackRock's iShares joins rivals in slashing fees across four core ETFs

Three Europe ETFs and one EM ETF

BlackRock's iShares has reduced charges on four core equity ETFs, which each have over €1bn assets under management (AUM), following a review of its products.

The €4.4bn iShares MSCI Europe UCITS ETF has seen its ongoing charges figure (OCF) cut to 0.12% from 0.35%. The OCF on the €1.7bn iShares MSCI EMU UCITS ETF has been reduced to 0.12% from 0.33%. Meanwhile, the €4.8bn iShares Euro Stoxx 50 UCITS ETF has been reduced to 0.10% from 0.16%. Lastly, the $10.1bn iShares Core MSCI EM IMI UCITS ETF witnessed its OCF slashed from 0.25% to 0.18%. BlackRock said in a statment: "European equities and emerging market equities are core building blocks in our clients' portfolios, and are increasingly used as an efficient alternative to future...