BlackRock Introduces International Country Rotation Strategy to Active ETF Lineup
Broadens Access to Dynamic International Exposure with Expertise from the Firm's Model Portfolio Solutions Team
Today, BlackRock expanded its active ETF offering with the launch of the iShares International Country Rotation Active ETF (CORO). Designed as a model building block, CORO consolidates insights from the BlackRock Model Portfolio Solutions team (MPS) and proprietary quantitative models to express changing views on international developed and emerging market countries in a timely manner.
Managed by Lisa O'Connor, Michael Gates, Michele Freed, and Jonathan Adams, CORO benefits from MPS's asset allocation insights to capture potential additional alpha. By investing in iShares country ETFs, CORO's strategy enables agile allocation across various international markets in response to changes in their economic cycles. MPS oversees $178 billion in assets under management globally and includes over 20 research and portfolio management professionals dedicated to managing model portfolios.1
"International equities are a crucial diversifier for U.S. investors," said Michele Freed, Head of Research for U.S. Model Portfolio Solutions. "CORO's rotation approach offers model builders a flexible tool to seek alpha by dynamically shifting towards stronger markets while maintaining balanced exposure to international markets with a single ticker."
iShares International Country Rotation Active ETF |
|
Ticker |
CORO |
Performance Benchmark |
MSCI ACWI ex-US Index |
Portfolio Managers |
Michele Freed, Michael Gates, CFA, Lisa O'Connor, CFA, and Jonathan Adams |
Enhancing whole portfolio solutions for financial advisors
"We continue to see more financial advisors leveraging active ETFs as model building blocks to scale the delivery of consistent, repeatable outcomes for their clients," said Rachel Aguirre, U.S. Head of iShares Products at BlackRock. "CORO adds another alpha-generating opportunity to our active ETF platform, helping investors benefit from active investment and risk management in the ease and efficiency of the ETF wrapper."
BlackRock manages $34 billion in assets under management across over 40 active ETFs in the U.S.2
About BlackRock
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
About iShares
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1,400+ exchange traded funds (ETFs) and $4.2 trillion in assets under management as of September 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
There is no guarantee that the classification system used to determine the rotation model or strategy will achieve its intended results. The fund may engage in active and frequent trading of its portfolio securities which may result in higher transaction costs to the fund. The fund is actively managed and does not seek to replicate the performance of a specified index.
Actively managed funds do not seek to replicate the performance of a specified index, may have higher portfolio turnover, and may charge higher fees than index funds due to increased trading and research expenses.
Diversification and asset allocation may not protect against market risk or loss of principal. Transactions in shares of ETFs may result in brokerage commissions and may generate tax consequences. All regulated investment companies are obliged to distribute portfolio gains to shareholders.
Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha.
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, "BlackRock").
©2024 BlackRock, Inc. or its affiliates. All Rights Reserved. BLACKROCK and iSHARES are trademarks of BlackRock, Inc. or its affiliates. All other trademarks are those of their respective owners.
1 BlackRock, as of 11/15/2024.
2 BlackRock, as of 12/3/2024.
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