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Less popular ETFs getting the chop despite posting gains

BlackRock has reviewed its ETF business at least once a year since 2014, closing funds in March and October of that year, and again last August.

New York

MAKING money isn't enough to survive in the fund industry anymore.

BlackRock Inc, the world's largest asset manager, plans to shutter 10 exchange-traded funds this month, despite all of them posting gains this year. One soon-to-close fund, the

iShares MSCI Emerging