{"id":88790,"date":"2024-07-16T01:22:33","date_gmt":"2024-07-16T05:22:33","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88790"},"modified":"2024-07-16T01:25:42","modified_gmt":"2024-07-16T05:25:42","slug":"blackrocks-etf-business-just-keeps-growing-but-the-search-for-revenue-goes-on","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2024\/blackrocks-etf-business-just-keeps-growing-but-the-search-for-revenue-goes-on.html","title":{"rendered":"BlackRock\u2019s ETF business just keeps growing, but the search for revenue goes on"},"content":{"rendered":"\n<p>(CNBC) When\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/BLK\/\">BlackRock<\/a>\u00a0CEO Larry Fink bought the iShares ETF business from Barclays for roughly $13 billion in 2009, the economy was still reeling from the great financial crisis. At the time, $13 billion seemed like an awful lot of money to spend on a tiny business. ETFs were still in their infancy: there was roughly $700 million in total assets under management, a paltry sum compared to the trillions then in mutual funds.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/07\/15\/blackrocks-etf-business-just-keeps-growing-but-the-search-for-revenue-goes-on.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) When\u00a0BlackRock\u00a0CEO Larry Fink bought the iShares ETF business from Barclays for roughly $13 billion in 2009, the economy was still reeling from the great financial crisis. At the time, $13 billion seemed like an awful lot of money to [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88790","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88790","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88790"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88790\/revisions"}],"predecessor-version":[{"id":88791,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88790\/revisions\/88791"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}