BlackRock adds ETF share classes to active mutual funds with $55B in assets
As seen on the 24/7 Wall St. homepage on September 29, 2026.
The world's largest asset manager is putting $55 billion of active mutual fund money into ETF wrappers, the clearest sign yet that active strategies are migrating to cheaper, more liquid access.
BlackRock to offer ETF share classes on five active MFs with $55b in assets.. Follows a bunch of MF to ETF conversion announcements as well as clones all over the place. There are many tributaries flowing into the ETF river at this point. https://t.co/JAokqaZ718
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BlackRock is giving investors ETF access to five active mutual funds that collectively hold $55 billion in assets, a move that puts the world's largest asset manager squarely behind the industry's shift toward cheaper, more liquid wrappers for active strategies.
The announcement does not stand alone. It arrives alongside a wave of mutual fund to ETF conversions and so-called clone launches, where asset managers introduce ETF versions of existing active strategies rather than wait for regulatory or structural changes.
ETF analyst Eric Balchunas said many tributaries are now flowing into the ETF river, capturing a market structure shift that has become a broad-based migration of active money toward the ETF format.
For investors, the practical effect is access to strategies that previously required a mutual fund account, now available in an exchange-traded wrapper with intraday liquidity and typically lower costs. With $55 billion already in scope at BlackRock alone, the scale of this transition is becoming hard to ignore.