Blackrock Vs Vanguard. Concerns about the Big Two. The report however fails to show that the majority of the other firms with controlling shares in Pfizer are also owned by the two gargantuan financial firms.
The combination of the assets under management by The Vanguard Group and BlackRock is about 17 trillion. Blackrock and Vanguard hold large interests in pivotal companies and Vanguard holds a large share of Blackrock. They manage close to 15 billion.
Here we find yet another curiosity as the largest shareholder of BlackRock is Vanguard.
Data from the ASX to the end of August shows Vanguard remains Australias largest ETF provider with 218 billion under management while BlackRock is the. Its true that Vanguard is sometimes more secretive than publicly-traded fundcos. Vanguards structure culture and mandate all influence them to hold MERs as low as possible irrespective of what others may charge. Vanguard has a unique structure that blocks us from seeing who the actual shareholders are.