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Rob Carrick
Rob Carrick
(Brigitte Bouvier/Brigitte Bouvier for the Globe and Mail)

Rob Carrick: ETF fee cuts should be just the start

The more investors demand low costs, the cheaper it gets to invest.

The latest evidence of this trend is the news that Canada’s biggest exchange-traded fund company is slashing fees nine of its basic portfolio-building products. BlackRock Canada’s iShares franchise has faced growing competition on price from players like Vanguard, BMO and Horizons. In one fell swoop, it answered the challenge in decisive fashion.