BlackRock targets money market fund in new ETF push


The asset management company is seeking regulatory approval for two new funds, the iShares Government Money Market ETF and the iShares Prime Money Market ETF. — Bloomberg

NEW YORK: BlackRock Inc is throwing its weight behind an early push to bring exchange-traded funds (ETFs) to money market investors.

The asset management company, which helped hasten the widespread adoption of ETFs, is seeking regulatory approval for two new funds, the iShares Government Money Market ETF and the iShares Prime Money Market ETF, according to filings with the Securities and Exchange Commission.

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