BlackRock slashes CLO ETF fees to 0.25% – here's why competitors are panicking

BlackRock just threw a 0.25% fee grenade into Europe's CLO ETF market today, and the shrapnel is hitting everyone. Within hours of the announcement, Invesco and Janus Henderson scrambled to match the price cut like shoppers at a Black Friday sale.

For those wondering what a CLO ETF actually is – think of it as a fancy investment basket filled with business loans. Instead of lending money to your cousin who never pays you back, these funds pool together loans from multiple companies and package them into one neat security. The result? Higher yields than individual loans, with the added bonus o...