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BlackRock launches 14 ETFs in Europe
02 June 2014
Range includes high-quality, low-cost equity and fixed-income funds for long term investors
BlackRock has launched a suite of
14 low-cost exchange traded funds (ETFs) in Europe that were
only previously available in North America.
Known as the iShares core series, the ETFs are designed to provide access to some of
the most popular exposures at a low cost.
The launch responds to the "coming of
age" of the European ETF market, which has grown 23% annually
over the last five years.
"The industry is at a tipping point for
mass market usage. What started as a tool for institutions has
now been adopted by a broad spectrum of investors," said Rachel
Lord, head of iShares for Emea.
"We are seeing a shift in usage as
passive investments increasingly move to the core of client
portfolios and investors use them to build low cost and
diversified solutions for the long term."
The iShares core series comprises nine
equity ETFs and five fixed-income ETFs. Some of the funds have
had their headline prices reduced.
The European iShares Core Series
follows the launch of a similar Core series in the US in 2012,
and in Canada in March 2014.