BlackRock U.S. ETF business tops $1 trillion in assets for first time

Markets Reuters

(Copyright Reuters 2017)

BlackRock Inc's exchange-traded fund unit, iShares, topped $1 trillion in assets in the United States for the first time, a spokeswoman said on Tuesday.

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The milestone, which happened late last week, came after a dramatic shift in markets since the November U.S. presidential election and is a capstone in a move by investors to lower costs using ETFs.

(Reporting by Trevor Hunnicutt in New York; Editing by Jeffrey Benkoe)