(Bloomberg) -- BlackRock, the world’s largest asset manager, has made steep fee cuts to three socially responsible exchange-traded funds, a category that’s struggling to attract investors.
The company lowered fees by as much as 20 basis points at the offerings, which total about $204 million in assets, according to a Securities and Exchange Commission filing.
It also made reductions of about 2 basis points on eight bond ETFs. The 11 funds have total assets under management of about $4 billion.
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