Quote:
Originally Posted by KCUnited
This post is not intended to induce political discussion, just looking for financial impact insights only.
I've been notified that my 401K target fund is being transitioned from Vanguard to a similar BlackRock target fund.
The funds seem to be aligned fairly well with slight variance in return over 10 years however the expense ratio is 2.5x higher resulting in a lower ending value.
I'm obviously going to do more of my own research but wondering if anyone here can think of any other valid financial downsides of my 401K target fund moving from Vanguard to BR?
There's speculation making the rounds here that BR might be at risk with regards to commercial real estate markets |
Black rock is huge. I'm not sure why the fees would be significantly higher. They have more AUM than Vanguard. That article seems to be mixing up Blackrock and Blackstone. Blackrock spun out of Blackstone decades ago as a financial services firm. Blackstone is more the PE/Real estate group
Your 401k shouldn't be at risk even if Vanguard or Blackrock went under.