Three New Transparent Actively Managed ETFs and
an Index ETF Offer Client Choice and Flexibility to Access
BlackRock’s Best Thinking on Long-Term, Transformative Growth
Trends
First Active Transparent ETFs from BlackRock’s
Fundamental Active Equity Portfolio Managers
The structural shifts influencing the future of the global
economy and society have accelerated in 2020, leading to increased
investor demand for strategies that go beyond traditional sector,
market capitalization and geographic classifications.
To help clients seek exposure to these transformative forces,
BlackRock is expanding its Megatrend suite by introducing three
active transparent exchange traded funds (ETFs) managed by
experienced investors from BlackRock’s Fundamental Active Equity
franchise and one index-tracking ETF. The funds are designed to
provide unique exposure to technology and healthcare
innovation.
Active Transparent ETFs:
- BlackRock Future Health ETF
(NYSE:BMED): Provides access to innovative and emerging
companies in the healthcare sector
- Lead Portfolio Manager: Erin Xie, PhD
- Reference Benchmark: MSCI All Country World Index
(ACWI)
- BlackRock Future Tech ETF
(NYSE:BTEK): Invests in companies developing innovative and
emerging technologies in the technology sector
- Lead Portfolio Manager: Tony Kim
- Reference Benchmark: MSCI All Country World Index
(ACWI)
- BlackRock Future Innovators ETF
(NYSE:BFTR): Offers exposure to innovative companies across
sectors in the small/mid cap growth category
- Lead Portfolio Manager: Phil Ruvinsky
- Reference Benchmark: Russell 2500 Growth
Index-Tracking ETF:
- iShares Virtual Work and Life Multisector
ETF (NYSE:IWFH): Seeks to track an index of developed and
emerging market companies that provide products, services and
technologies that empower individuals to work remotely, and support
an increasingly virtual way of life.
- Index: NYSE FactSet Global Virtual Work and Life
Index
“Megatrends are driving the world’s economic, social and
technological transformation, presenting tremendous investment
opportunities and investor demand. We are still in the early days
of growth for these funds. iShares projects that the megatrend
category is projected to grow 500% to $250bn by 2024,” said
Armando Senra, Head of iShares Americas. “The iShares
Virtual Work and Life Multisector ETF will be the first to capture
the globally diversified exposures representative of the trends
that have been accelerated over the last six months. Around the
world economic activity has already begun to shift as we become
increasingly comfortable with a virtual and internet-dependent way
of life and investors are looking for strategies to capture that
change.”
Industry-Leading Alpha Seeking Expertise Accessible Through
ETFs
BlackRock’s Active Equity platform delivers the combination of
human insight with the power of the firm’s technology and risk
platforms, along with the benefit of fundamental and quantitative
global research and expertise in trading and market
intelligence.
“The ability to innovate and
capture disruption caused by innovation are critical to the success
of active investors. Through these funds, our portfolio managers
will be able to focus on secular changes disrupting our economy
without being constrained by industries and sectors,” said
Tony DeSpirito, Chief Investment Officer for Fundamental U.S.
Active Equities, says “We are
excited to leverage iShares’ infrastructure to deliver these funds
as active transparent ETFs, a first for our team.”
The managers for BMED, BTEK and BFTR bring six decades of
combined experience and demonstrated ability to generate alpha by
deploying high conviction strategies informed by the evaluation of
the financial prospects of companies, analysis of market behavior
and exploitation of market trends. They are responsible for more
than $80 billion AUM and are each the manager of five-star and
medal rated funds, as rated by Morningstar.
Expanding Choice and Flexibility to Meet Client Needs
The launch of these four ETFs today are representative of the
unique combination of capabilities and expertise in stock
selection, ETF infrastructure, analytics and portfolio modeling
that BlackRock leverages to deliver choice and flexibility to
clients.
BlackRock’s commitment to helping clients build better financial
futures is further represented through a commitment to launch
active ETFs when the exposures are believed to add value for
clients, have clear alpha potential and complement existing active
and index ETFs and mutual funds.
“Because we offer a full spectrum of funds, we focus on
delivering our capabilities in ways that seek to maximize the
benefit to our clients. Today’s introduction of active and index
ETFs is another example of that,” said Martin Small, Head of
BlackRock's U.S. Wealth Advisory business. “In order to help
our clients better navigate our offerings, our index-based
strategies will continue to be branded as iShares funds, and our
alpha-seeking ETFs will be branded as BlackRock funds, reflecting
the firm’s history as a premier active investor.”
Comparing Index and Active ETFs
Traditional index ETFs seek to track an index, typically
constructed by a third-party index-provider, and reallocate at a
pre-determined time period (e.g. on a semi-annual or annual basis).
Index ETFs publish holdings daily, and the goal of the fund is to
deliver returns in-line with their stated benchmark.
Transparent active ETFs also publish holdings daily, but
do not seek to track a specific index and have a stated objective
of maximizing income, long-term capital appreciation or total
return. Investment decisions are made by BlackRock active portfolio
managers, who use their IP to make changes to holdings within the
ETF in accordance with the fund’s objective– therefore, the
frequency in which holdings change will vary.
About BlackRock’s Actively Managed ETFs
BlackRock’s preexisting lineup of actively managed ETFs
includes:
- BlackRock U.S. Equity Factor Rotation ETF (DYNF)
- iShares Short Maturity Municipal Bond ETF (MEAR)
- iShares Short Maturity Bond ETF (NEAR)
About the Portfolio Managers:
Dr. Erin Xie has more than 15 years of experience as a
lead portfolio manager. She earned a PhD in Biochemistry from UCLA
and an MBA from MIT Sloan. Dr. Xie is the lead manager of the
BlackRock Health Sciences Opportunities Portfolio (SHSSX) – the No.
1 rated mutual fund for risk-adjusted returns in the Morningstar
Healthcare category over the past 15 years1, and manages $25bn in
dedicated health sciences portfolios.
Tony Kim, portfolio manager for the BlackRock Technology
Opportunities Fund (BGSIX), is the only Morningstar gold rated
portfolio manager in his category2. He has covered the tech sector
for more than two decades. He is responsible for managing $18bln in
technology equity portfolios. Mr. Kim earned his MBA degree from
Columbia University and a BS degree from University of Illinois
Phil Ruvinsky is a senior portfolio manager for three
funds (CMGIX, MAFOX and MAFGX) with $37.0 bn in AUM as of 8/31/20.
Each fund has earned a Silver rating from Morningstar3. Mr.
Ruvinsky holds a BA in economics from University of Texas, a JD
degree from the University of Michigan Law School, and an MBA from
Columbia Business School.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, our clients turn to us for the
solutions they need when planning for their most important goals.
As of June 30, 2020, the firm managed approximately $7.32 trillion
in assets on behalf of investors worldwide. For additional
information on BlackRock, please visit www.blackrock.com/corporate
| Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock.
About iShares
iShares unlocks opportunity across markets to meet the evolving
needs of investors. With more than twenty years of experience, a
global line-up of 900+ exchange traded funds (ETFs) and $2.16
trillion in assets under management as of June 30, 2020, iShares
continues to drive progress for the financial industry. iShares
funds are powered by the expert portfolio and risk management of
BlackRock, trusted to manage more money than any other investment
firm1.
1 Based on $7.32 trillion in AUM as of 6/30/20
Carefully consider the Funds' investment objectives, risk
factors, and charges and expenses before investing. This and other
information can be found in the Funds' prospectuses or, if
available, the summary prospectuses which may be obtained by
visiting www.iShares.com or www.blackrock.com. Read the prospectus
carefully before investing.
Investing involves risk, including possible loss of
principal.
1 Morningstar as of 8/31/20. Ranking based on total returns.
Ranked against 70 funds on the 15-year horizon. 19 of 118 funds on
the 1-year, 2 of 102 funds on the 3-year, 2 of 97 funds on the
5-year, and 1 of 86 funds on the 10-year. Universe is ETFs and
mutual funds in the Morningstar category. Past performance does
not guarantee future results. (AUM Source: BlackRock, as of
8/31/20)
2 Morningstar as at September 28th 2020. Morningstar peer group:
US OE Technology
3 Morningstar Analyst Rating™is not a credit or risk rating. It
is a subjective evaluation performed by Morningstar’s manager
research group, which consists of various Morningstar, Inc.
subsidiaries (“Manager Research Group”). In the United States, that
subsidiary is Morningstar Research Services LLC, which is
registered with and governed by the U.S. Securities and Exchange
Commission. The Manager Research Group evaluates funds based on
five key pillars, which are process, performance, people, parent,
and price. The Manager Research Group uses this five pillar
evaluation to determine how they believe funds are likely to
perform relative to a benchmark, or in the case of exchange-traded
funds and index mutual funds, a relevant peer group, over the long
term on a risk-adjusted basis. They consider quantitative and
qualitative factors in their research, and the weight of each
pillar may vary. The Analyst Rating scale is Gold, Silver, Bronze,
Neutral, and Negative. A Morningstar Analyst Rating of Gold,
Silver, or Bronze reflects the Manager Research Group’s conviction
in a fund’s prospects for outperformance. Analyst Ratings
ultimately reflect the Manager Research Group’s overall assessment,
are overseen by an Analyst Rating Committee, and are continuously
monitored and reevaluated at least every 14 months. For more
detailed information about Morningstar’s Analyst Rating, including
its methodology, please go to
global.morningstar.com/managerdisclosures/.
The Morningstar Analyst Rating (i) should not be used as the
sole basis in evaluating a fund, (ii) involves unknown risks and
uncertainties which may cause Analyst expectations not to occur or
to differ significantly from what they expected, and (iii) should
not be considered an offer or solicitation to buy or sell the
fund.
Funds that concentrate investments in specific industries,
sectors, markets or asset classes may underperform or be more
volatile than other industries, sectors, markets or asset classes
and the general securities market. Small-capitalization companies
may be less stable and more susceptible to adverse developments,
and their securities may be more volatile and less liquid than
larger capitalization companies. Technology companies may be
subject to severe competition and product obsolescence.
A fund's use of derivatives may reduce a fund's returns and/or
increase volatility and subject the fund to counterparty risk,
which is the risk that the other party in the transaction will not
fulfill its contractual obligation. A fund could suffer losses
related to its derivative positions because of a possible lack of
liquidity in the secondary market and as a result of unanticipated
market movements, which losses are potentially unlimited. There can
be no assurance that any fund's hedging transactions will be
effective.
International investing involves risks, including risks related
to foreign currency, limited liquidity, less government regulation
and the possibility of substantial volatility due to adverse
political, economic or other developments. These risks often are
heightened for investments in emerging/developing markets and in
concentrations of single countries.
The BlackRock funds are actively managed and their
characteristics will vary.
The Funds are distributed by BlackRock Investments, LLC
(together with its affiliates, “BlackRock”).
The iShares Funds are not sponsored, endorsed, sold or promoted
by ICE Data Services, LLC, nor does this company make any
representation regarding the advisability of investing in the
Funds. BlackRock is not affiliated with ICE Data Services, LLC.
©2020 BlackRock, Inc. All rights reserved. iSHARES and
BLACKROCK are trademarks of BlackRock, Inc., or its
subsidiaries in the United States and elsewhere. All other marks
are the property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20201001005170/en/
Media Contact: Sally Lyden – Sally.Lyden@BlackRock.com
– +1.646.647.4875
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