"Technological innovation is disrupting traditional business models of many industries, putting a lid on prices and influencing inflation in the economy overall," BlackRock Chief Investment Officer Rick Rieder wrote.
The introduction of T shares and clean shares is well intentioned, but in many cases, older share classes already offered by fund managers can save investors more money, and mitigate conflicts of interest.
Sentiment toward the financial sector has been improving since the Treasury Department issued a report on overhauling banking regulations.