MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, March 17, 2025 A $306B-AUM BlackRock Unit Powers a New ETF The team at an $11.6-trillion-AUM (as of December 31), publicly traded asset manager's $4.2-trillion-AUM, 1,500-fund ETF arm are rolling out an active liquid alts fund.
ISMF's inception date was last Wednesday (March 12), and it comes with an expense ratio of 80 basis points. On Friday (March 14), the new fund had about $15 million in AUM. The PM team for the new ETF includes three BFA portfolio managers: Stephanie Lee, Richard Mathieson, and Jeffrey Rosenberg. Savi puts the launch of ISMF in the context of what he describes as managed futures strategies' effectiveness "in delivering differentiated, counter-cyclical returns for investors over decades." "ISMF can help more investors hedge and diversify their portfolios, regardless of market conditions," Savi states. Tan adds investors are searching "for innovative ETF solutions that offer diversified sources of returns." "ISMF exemplifies BlackRock's commitment to product innovation, combining our pioneering systematic capabilities with our proven expertise in managing ETFs," Tan states. ISMF is a non-diversified, actively managed series of the BlackRock ETF Trust. The new ETF's other service providers include: BlackRock Institutional Trust Company, N.A. (BTC) as securities lending agent; BlackRock Investments, LLC (BRIL) as distributor); PricewaterhouseCoopers LLP as independent accounting firm; Sidley Austin LLP as counsel; and State Street Bank and Trust Company as administrator, custodian, dividend disbursing agent, and transfer agent. Printed from: MFWire.com/story.asp?s=69654 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |
