It does not make sense for Blackrock to own Vanguard mutual fund shares, because Blackrock has their own mutual funds, so why pay Vanguard for what you already have? Vanguard mutual fund shares are owned by 401k plans, pensions, etc.
Controlled by? Maybe. But each mutual fund has a board of trustees that is elected by the mutual fund shareholders.
Blackrock and vanguard own everything.
And each other.
Megacorp.
Vanguard is not owned by Blackrock. Vanguard is owned by its own mutual funds.
Yes many of those are owned/ controlled by blackrock.
Do you have a source for that?
It does not make sense for Blackrock to own Vanguard mutual fund shares, because Blackrock has their own mutual funds, so why pay Vanguard for what you already have? Vanguard mutual fund shares are owned by 401k plans, pensions, etc.
Controlled by? Maybe. But each mutual fund has a board of trustees that is elected by the mutual fund shareholders.
Their is massive cross ownership
Supperstonk, did SOME DD on it,I will see if I can find it.
Read slyvers excellent DD above.