CEO Laurence D. Finks restructuring efforts will move $6 billion run by traditional stock pickers into cheaper funds where quants play a role.
Active managers face headwinds despite an overall positive outlook for the U.S. economy thats taken hold since the election of President Trump.
While many retirement plan providers have recently introduced mobile apps, their capabilities are often limited.
Investors are looking beyond declines from rising rates and speculation of diminished demand for shortages that may propel the metal over the longer term.
The firm boasts a unique strategy amid an ongoing exodus from junk bonds, which saw $5.68 billion in fund assets desert the securities last week.