BlackRock's iShares unit, the largest exchange-traded fund company in the world, is planning to close nine target-date ETFs this fall.
ETF.com, a website that closely watches the ETF industry, said almost $300 million in assets will be liquidated from the nine funds, which, like ETFs generally, have had difficulty gaining traction in plan sponsors' 401(k) fund line-ups.
That $300 million figure represents 58 percent of iShares' total assets under management.
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