Thursday, 23 February 2017
Last updated 39 min ago
Oct 22 2012 | 11:25am ET
BlackRock, the world's largest asset management business, has launched four new exchange-traded funds.
Three of the funds, launched within the framework of BlackRock's iShares ETFS business, focus on international equities and one focuses on U.S. fixed income. The new funds carry management fees ranging from 0.12% to 0.18%.
Said Patrick Dunne, iShares head of global markets & investments, in a statement: “The iShares Core Series demonstrates our commitment to delivering quality products that help investors navigate today’s volatile markets. These products are designed to meet the needs of long-term investors for cost-effective solutions combined with the liquidity and tax efficiency investors expect from iShares.
“All three iShares Core international equity ETFs track segments of the flagship MSCI ACWI Investable Market Index, providing investors access to some of the broadest exposure available in the global equity universe today. The iShares Core Short-Term U.S. Bond ETF tracks the Barclays U.S. 1-5 Year Government/Credit Bond Index, to further meet the needs of investors using ETFs for targeted fixed income exposure.”
BlackRock provides investment management, risk management and advisory services for institutional and retail clients worldwide. As of September 30, 2012, BlackRock’s AUM was $3.673 trillion.