Wednesday, 1 April 2009
GlobeInvestors' story today Barclays in talks to sell iShares to CVC makes me worry about the future of iShares. It's not that they won't continue, merely that such a sale may herald an attempt by new owners to milk the ETFs by raising the MERs they charge investors. In the US, there are cheap alternatives, notably those of Vanguard, but in Canada, iShares Canada really has a lock on passive, market cap weighted index ETFs and it would be more tempting and easier to raise fees. We'll have to wait and watch to see how this unfolds.
Posted by CanadianInvestor at 08:32
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