BlackRock Inc. is cutting the price big clients pay to invest in its largest equity index mutual fund, a bid by the giant money manager to close the gap with cheaper rivals. Starting in July the least expensive new share class of the iShares S&P 500 Index Fund will drop to $1.25 for every $10,000, down from $4. To qualify, investors have to invest at least $2.5 billion.

Source: Wall Street Journal March 20, 2019 09:30 UTC