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In the battle for fund fee revenue, one asset manager is the clear winner, Morningstar says (BLK:NYSE)

Exchange Traded Fund initials ETFs on wooden blocks written in English language with US dollar bills and a piggy bank in the image composition. Top view photo.

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The asset manager charging the lowest fees on ETF and mutual fund trades has reaped the most revenue and gained the most market share in the industry since 2018, according to a recent Morningstar report.

The stakes are large and

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