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Don't expect big or even widespread cuts by BlackRock (BLK) to its line of iShares ETFs, says...
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Friday, September 28, 2012, 10:30 AM ETDon't expect big or even widespread cuts by BlackRock (BLK) to its line of iShares ETFs, says Morgan Stanley. Vanguard may be cheaper, admits Morgan, but its client base is retail as opposed to iShares' institutional (i.e., liquidity-focused) customers. BlackRock may continue to lose market share, but this may be better than engaging in a price war that would drive down profits.
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