BlackRock's first mutual fund-to-ETF conversion indicates a shift to meet investor demand for active management, with the new BlackRock International Dividend ETF offering lower fees.
The transition from the BlackRock International Dividend Fund to the BlackRock International Dividend ETF reflects a strategic alignment with investor preferences for ETFs over mutual funds, particularly regarding cost-effectiveness.
The BlackRock International Dividend ETF has a management fee of 0.61%; in contrast, the legacy mutual fund had varying fees that reached 1.65%, highlighting cost advantage.
Investing in international dividend stocks through an ETF, like BlackRock's new offering, provides investors a simpler way to diversify and benefit from global dividend income.
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