Blackrock says BGI deal adds ‘balance’ and ‘choice’ to money manager
Blackrock's £8.2bn ($13.5bn) purchase of Barclays fund management division Barclays Global Investors (BGI) will give additional balance and choice to customers as the business will now be able to offer both passive and active strategies, says Tony Stenning, Blackrock managing director, UK.
"Post the BGI transaction we will also have additional balance between investment strategies: active/passive which will only enhance our ability to deliver solutions to our clients. The one key thing is to give choice and with the additional power of BGI this gives our clients that choice," says Stenning.
Additionally, BGI will give Blackrock the chance to look at actively managed ETFs - innovations that bring the two strands of their business together.
He says: "Actively-managed ETFs are an
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