BlackRock has expanded its active ETF range in Europe with the launch of two funds focusing on AI and factor exposure.
The iShares AI Innovation Active UCITS ETF is a relatively concentrated “best ideas” portfolio of 20-40 stocks, targeting exposure across the entire AI value chain.
It follows the same investment strategy as the BGF AI Innovation fund, which launched in December 2024. The strategy, which charges a 0.73% Total Expense Ratio, will be managed by Tony Kim and Reid Menge.
The firm has also announced the launch of the iShares World Equity Factor Rotation UCITS ETF. The strategy aims to outperform the broad global equity market by tactically allocating to “historically rewarded” factors.
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The strategy will house between 150-250 holdings and charges a 0.30% TER. It is managed by Philip Hodges, PhD, BlackRock’s head of investments for factors and senior portfolio manager He Ren.
Jane Sloan, EMEA head of global product solutions at BlackRock, said: “With the addition of these funds, BlackRock is able to offer European investors active ETFs across both systematic and fundamental investment strategies.
“The launch of an active ETF as part of our existing AI suite provides clients the choice to tailor their exposure using the wrappers that work best for them.”