BlackRock Inc. has changed the indices of three multi-factor ETFs, aiming for better overall consistency within its factor investing range.
The $633 million iShares STOXX World Equity Multifactor UCITS ETF (IS07), the $245 million iShares STOXX Europe Equity Multifactor UCITS ETF (IFSD), and the $70 million iShares STOXX US Equity Multifactor UCITS ETF (UFSD). They will switch from following the MSCI indices to their respective STOXX indices.
The names of the ETFs will also change to align with the new indices.
The new indices will include a low volatility factor and a different weighting methodology that will move from neutral equal weighting to using an asset allocation factor framework that will define the weighting of each factor.
Axel Lomholt, CEO of STOXX, commented on the changes: “The STOXX Equity Factor Screened [indexes] Offer investors a unique methodology to target potential long-term outperformance and diversified exposure while controlling systematic risk and integrating sustainability principles.”
Separately, BlackRock’s €1.9 billion ($1.98 billion) Aggregate Bond ESG ETF saw changes to its index to align with France’s stricter ESG investment standards under the Socially Responsible Investment (SRI) label. introduced at the end of 2023.
Meanwhile, in the US markets, BlackRock has 438 ETFs traded, with total assets under management of $3.04 trillion and an average expense ratio of 0.3%. Blackrock ETF asset classes span fixed income, equities, asset allocation, currencies and commodities. The largest of all US-listed company ETFs is the iShares Core S&P 500 ETF (IVV)which has assets under management of almost $560 billion.
This article was originally published on our sister site, etfstream.com.
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