BlackRock offers ETF share classes on five active mutual funds with $55B in assets

BlackRock: BlackRock is the world’s largest asset manager and a leading provider of investment products, including the iShares family of ETFs. The firm is expanding options for investors by introducing ETF share classes for select active mutual funds it manages. This development builds on ongoing industry momentum toward ETF structures for active strategies. Industry Trend: Multiple asset managers have recently filed or announced plans to convert mutual funds into ETFs, citing benefits like tax efficiency and trading flexibility. Product Development: Asset managers are adding ETF share classes to existing active mutual funds to meet growing investor demand for ETF vehicles while retaining active management approaches.