BlackRock Feeds Rising ETF Demand With First Mutual-Fund Flip

What You Need To Know

• The world’s biggest asset manager has converted the BlackRock International Dividend mutual fund into an ETF.
• With its first mutual fund-to-ETF conversion, BlackRock has joined the likes of asset managers including DFA and Fidelity.
• The firm has seen a shift in investor preference toward active ETFs versus mutual funds.