Influx in passive money boosts largest asset managers – Business Insider

The biggest asset managers keep getting bigger. Data from Morningstar collected with just days left in 2018 shows that BlackRock is close to cracking $100 billion in new money this year alone for its exchange-traded-fund platform, iShares. The $1.4 trillion business has increased its assets more than 100% since 2013, per Morningstar figures. Vanguard, which…

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