BlackRock expands US ETF equity range

Brings total number of sector ETFs to nine

BlackRock has launched four exchange traded funds (ETFs) providing targeted exposure to the S&P 500.

The funds will enable European investors to express nuanced views on US equity sectors and focus on companies in the consumer staples, industrials, materials and utilities sectors, respectively (see table). They are physically-replicating which means they hold the underlying securities of the index. Each fund will have a total expense ratio of 0.15%. These launches bring the total number of US sector funds to nine, with the initial five providing exposure to consumer discretionary, energy, financials, healthcare and information technology sectors. Tom Fekete, global head of iShares...