BlackRock's iShares Funds to Raise ETF Fees in 2013
BlackRock's (NYS: BLK) iShares fund manager will raise fees on a raft of its foreign exchange-traded funds, the company disclosed in an SEC filing. According to the filing, several of its titles will have minor increases. These include the popular iShares MSCI Emerging Markets Index Fund, which will increase its management fee to 0.69% from 0.67%.
Among others, iShares MSCI Brazil Index Fund, iShares MSCI South Africa Index Fund, and iShares MSCI Turkey Investable Market Index Fund will also increase management fees. The charge will rise to 0.61% from the current 0.59% for all three.
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