"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.
Citadel Securities will start making markets for investors in all older Treasuries, broadening an effort it started in February.
One division will cover global fixed-income and currencies beta trading, another will focus on global ETF research and a third will manage regional ETF sales and business development.
VanEck Vectors BDC Income ETF has an expense ratio of 920 basis points. The next closest fund charges 362 basis points.