BlackRock's (BLK) upcoming fee cuts in its iShares ETFs should dent 2013 EPS by about 2-4%, says...
BlackRock's (BLK) upcoming fee cuts in its iShares ETFs should dent 2013 EPS by about 2-4%, says Citi's William Katz, far less than what he believes is the 5-10% hit being priced in. More importantly, says Katz, the cuts don't signal the beginning of an ETF price war, as they'll be focused on indexed products. Other industry players - STT, IVZ, and WETF are unlikely to be spurred into action.
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