‘Fully diversified’ portfolio of ETFs now available: iShares
Blackrock launches a new suite of exchange traded funds (ETFs) through iShares, which offers investors a "fully diversified" long term portfolio.
The suite of five products, named iShares Core, includes three equity and two fixed interest ETFs, "that can be combined to provide global multi asset class exposure", iShares Australia head, Jon Howie
The core was designed to serve investors, so they could buy, build and hold "truly diversified" portfolios, which gave them direct access to world markets, said Howie.
"We've taken the most popular markets that investor want exposure to…and the iShare core series given advisers the building blocks they need to create cost effective porfolios for their clients", he said.
The iShares Core range offered diversity at a "very very low cost", ranging between 15 and 20 basis points and didn't comprise on quality, Howie said.
"These are some of the lowest fees in the market", he said.
iShares said it launched the new products in response to record demand, with the Australian ETF market hitting $20.65 billion in March.
Howie said the market had grown 33 per cent over the last five years, and 43 per cent over the past three years, as "more and more investors are realising the benefits of ETFs. They are diversified, liquid ways to get access to world markets".
The iShare Core range included:
- iShares Core S&P/ASX 200 ETF;
- iShares Core MSCI World All Cap ETF;
- iShares Core MSCI World All Cap (AUD Hedged) ETF;
- iShares Core Composite Bond ETF; and
- iShares Core Global Corporate Bond (AUD Hedged) ETF.
Recommended for you
Bentham Asset Management has become the latest fund manager to expand its distribution team as it reports increased interest in its credit strategies.
L1 Capital, which is in talks to merge with Platinum Asset Management, has indicated it will be voting against a deal to convert a Platinum LIC into an ETF.
Evidentia Group has hired a head of quantitative investments who joins the investment firm and managed account provider from AMP.
Fidelity International has worked in tandem with Australian wealth manager Emanuel Whybourne & Loehr to launch an actively managed global equities strategy aimed at financial advisers.
