BlackRock launches US mega-cap ETF in Europe

Top 20 companies in S&P 500

BlackRock has rolled out a US mega cap ETF to provide European investors with exposure to the largest companies in the S&P 500.

The ETF behemoth is launching the fund in a bid to capitalise on the performance of the top 20 largest companies in the S&P 500 Index, which BlackRock noted have contributed 68% of the index's return over the past three years. These include companies in the technology, consumer goods, communication, healthcare and financial services sectors. PT Asset Management and HANetf partner to list active US bond ETF on London Stock Exchange Targeting first-time investors, portfolio builders, financial advisers, as well as institutional investors, the iShares S&P 500 Top 20 UCITS ETF has an e...