FT News Briefing

BlackRock and Vanguard duke it out over ETF market

Jan 3, 2024

10:07

Snipd AI

Russian airstrikes in Ukraine, Israeli Supreme Court overturning judicial reforms, BlackRock's decline in ETF market. Vanguard poses challenge to BlackRock's dominance in US ETF market. Comparison of market share between Blackrock and Vanguard. Increasing popularity of ETFs in US market with major firms dominating, emergence of smaller players.

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Russia has intensified its air campaign in Ukraine, conducting a massive airstrike that killed five people and caused significant damage in Kyiv and Harkiv.

Israel's Supreme Court has ruled in a landmark decision, striking down a controversial law aimed at overhauling the country's judiciary.

Deep dives

Russia's deadly airstrikes in Ukraine

Russia has intensified its air campaign in Ukraine, conducting a massive airstrike that killed five people and caused significant damage in Kyiv and Harkiv. This is the second major onslaught of the year, with nearly 70 Ukrainians killed since Friday. Ukrainian President Voladimir Zelensky has called on allies to increase military aid, while the US and EU face challenges in approving new funding.

Introduction

3min

Supreme Court's Decision and Competition in the ETF Market

4min

Comparison of Blackrock and Vanguard in the US ETF Market

2min

The Competitive Landscape of the US ETF Market

2min

Russia has fired a second massive barrage of the new year on Ukraine’s capital and the country’s second-largest city, Benjamin Netanyahu’s rightwing allies have blasted Israel’s top court for striking down a controversial law aimed at overhauling the country's judiciary, and BlackRock’s lead in the US exchange traded fund market is being eroded by Vanguard and smaller rivals.

Mentioned in this podcast:

Russia pounds Ukraine in new year’s second massive air strike

Benjamin Netanyahu’s allies blast top court but wait to revive judicial overhaul

Vanguard and rivals gain ground on BlackRock in US ETF market

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.