BlackRock just did its first mutual fund-to-ETF conversion. Here's why.
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BlackRock has converted a mutual fund into an exchange-traded fund (ETF) for the first time, highlighting the growing investor interest in actively managed ETFs.
November 18, 2024 | 1:15 pm
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BlackRock has converted a mutual fund into an ETF, marking its first such conversion. This move aligns with the increasing investor demand for actively managed ETFs.
The conversion of a mutual fund to an ETF by BlackRock indicates a strategic shift to meet investor demand for actively managed ETFs. This could positively impact BlackRock's stock as it aligns with market trends and investor preferences.
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