Plus, Fidelity-iShares partnership a good deal for index investors, and more.
Now that BlackRock
Even before the deal, BlackRock was sizeable. Now, with $3.35 trillion in assets under management at the end of 2009, it can claim the title as the world's largest money manager. About $1.9 trillion of that comes from BGI, which includes iShares, the largest ETF provider in the world. IShares commands more than 48% of the U.S. ETF industry market share with its 350-plus funds and more than $360 billion in assets. BlackRock also is one of the 10-largest traditional mutual fund managers in the United States with more than $100 billion in assets under management, up from about $77 billion at the beginning of 2009.
Now that BGI and BlackRock are one, BlackRock has started to file consolidated financial disclosure forms with the Securities and Exchange Commission. According to various media sources, last Friday, BlackRock filed more than 1,500 13G forms with the SEC. A 13G form is similar to Schedule 13D, which is used to report that an investor owns more than 5% of a company.
These ownership forms were filed for some of the largest Fortune 500 companies. The Wall Street Journal reported BlackRock now owns 5.6% of Apple
BlackRock even owns 5.76%, or about 10 days of trading volume, of ExxonMobil
BlackRock also filed a 13G for Goldman Sachs
Investors may want to start sending complaints and ideas about financial industry compensation to BlackRock instead of to their elected representatives.
Investors Should Short U.S. Treasury Bonds, says 'Black Swan' Author
Nassim Taleb, author of The Black Swan, made headlines recently by arguing "every single human being" should short U.S. Treasury bonds, calling the trade a "no-brainer." Taleb cited the inflationary policies of Federal Reserve Chairman Ben Bernanke and officials in the Obama administration in his reasoning.
He also recommended shorting the S&P 500 against gold and other "intelligent metals" as well as buying out-of-the-money options on hyperinflation. Taleb explains his strategy in this Bloomberg news video and article (see the related video under the Video tab on that page).
Fidelity Allows Free Trading on Some iShares
Fidelity and BlackRock have teamed up to offer 25 popular iShares ETFs to Fidelity clients without commissions.
Fidelity specialist Chris Davis and ETF analyst Paul Justice recently discussed what the deal means for Fidelity investors. You can check out the related article here.
This is big news, especially for S&P 500 Index investors. Now, Fidelity clients can dollar-cost average into iShares S&P 500 Index
The board of trustees of Fidelity Select Environmental
Vanguard Dividend Growth
By the end of February, Leuthold Select Equities
Pending shareholder approval, three MTB funds--MTB Managed Allocation Aggressive Growth
Jeffrey Schwarte replaced John Pihlblad as co-portfolio manager of Principal Large Cap Value
Thomas Luster and Bernard Scozzafava replaced Duke Laflamme as co-portfolio managers of Eaton Vance Investment Grade Income
Matthew Krummell replaced Michael Mara as portfolio manager of MFS Sector Rotational
Robert Weller is off the portfolio management team of JPMorgan Intrepid America