Keep knowledgeable with free updates
Merely signal as much as the Trade traded funds myFT Digest — delivered on to your inbox.
Newest information on ETFs
Go to our ETF Hub to seek out out extra and to discover our in-depth information and comparability instruments
BlackRock has rolled out an actively managed short-term cash market change traded fund.
The iShares € Money Ucits ETF provides traders “the standard and liquidity of regulated cash market funds throughout the comfort of the ETF wrapper”, in keeping with the world’s largest asset supervisor.
The product was the primary actively managed short-term cash market fund regulated ETF in Europe, the corporate stated.
It supplied entry to “extremely rated short-term cash market devices that comply with the strict tips of European [money market fund] regulation”, BlackRock added.
This text was beforehand printed by Ignites Europe, a title owned by the FT Group.
“Bringing the regulatory tips of the [money market fund] to the ETF ecosystem ought to assist a broader vary of traders actively handle their money.”
The product “allows particular person traders, similar to these utilizing a digital funding platform, to entry revenue utilizing excessive credit score high quality securities with no minimal holding durations from as little as €1”.
The ETF has a complete expense ratio of 0.1 per cent and might be listed on the Xetra phase of Frankfurt’s inventory change.
Jane Sloan, head of worldwide product options for Europe, the Center East and Africa at BlackRock, stated the ETF mixed “the pliability and entry of the ETF wrapper, together with steady pricing and the flexibility to commerce seamlessly all through the day, with the safety of cash market fund regulation, delivering a first-to-market resolution to traders who wish to do extra with their cash”.
Beccy Milchem, the corporate’s international head of money distribution and head of worldwide money administration, added that the demand for cash market funds had “surged within the greater charge surroundings and traders have sought to extra actively handle their money holdings”.
BlackRock manages $849bn in cash market methods globally.
*Ignites Europe is a information service printed by FT Specialist for professionals working within the asset administration trade. Trials and subscriptions can be found at igniteseurope.com.
