​ BlackRock Files for 18 Bps Merrill Lynch Select Institutional Fund. BlackRock has filed with the Securities & Exchange Commission to launch Merrill Lynch Select Institutional Fund, reports SimFund Filing. The new fund, which will be managed by BlackRock Advisors' Thomas Koligamo, will have a $​10 million minimum investment and an expense ratio of 0.​18%. FAM Distributors will distribute the fund and State Street Bank & Trust will be the transfer agent and custodian. The fund joins the 23 basis point expense, AAA-​rated Merrill Lynch Institutional Fund and the non-​rated, 17 bps expense Merrill Lynch Premier Institutional Fund in BlackRock'​s Merrill Institutional Series lineup.

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