iShares cements position as Blackrock snaps up Credit Suisse ETF business

Blackrock's acquisition of the exchange-traded funds operation will give iShares an even more dominant position in the European physical ETF industry

Acquisition will give iShares monopoly in industry

Blackrock's agreement to acquire Credit Suisse's exchange-traded fund (ETF) business will give iShares almost three-quarters of the European physical ETF market, according to Deborah Fuhr, partner at ETFGI, an ETF research company based in London.

While iShares has been the dominant provider of physical ETFs in Europe, its parent company's acquisition of the second largest physical ETF provider, Credit Suisse, is narrowing the choice of physical providers further, says one London-based industry