BlackRock has cut the fees on three fixed income ETFs for Australian investors, bringing them under 20bps per year each.

AXA Investment Managers has decided to close a $109 million fund as its largest investor pulls out.

Wilson Asset Management has responded to allegations by Keybridge Capital, noting the investment manager has already failed twice in previous attempts to obtain orders of this kind.

The world's largest exchange traded product issuers have partnered to petition for classification reform, in a move which BlackRock head of iShares Australasia Christian Obrist said would help to improve transparency for investors.