BlackRock sets new standard to capture accelerating demand for ETFs

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Australian investors benefit from reduced US iShares Core pricing

BlackRock has set a new market standard for long-term investors by reducing prices across its US iShares Core ETFs range, three of which are cross-listed on the Australian Securities Exchange (ASX). 

Institutions, individuals, and financial advisors are increasingly putting low-cost ETFs at the centre of their long-term investments. Now, with the US Department of Labor (DoL) fiduciary rule coming into force, financial advisors are sharpening their focus on the quality and cost-efficiency of funds. BlackRock expects financial advisors will use ETFs more and more as active tools and alongside high-conviction active funds to build better portfolios for clients. We also expect advisors will increasingly turn to core ETFs for long-term holdings, where value matters most.

Pricing updates effective October 6, 2016:

Fund

Ticker

Previous Management Fee (%) 

New Management Fee (%)

iShares S&P 500 ETF

IVV

0.07

0.04

iShares S&P Mid-Cap ETF

IJH

0.12

0.07

iShares S&P Small-Cap ETF

IJR

0.12

0.07

Jon Howie, head of iShares Australia, said:

“Australian investors in these funds will benefit from this decision to reduce pricing in our iShares US line of ETFs. Long term investors globally and in Australia are looking for great value at the centre of their portfolios. 

“The iShares range already offers investors and advisors the cost-efficiency, liquidity and quality they need at the foundation of their portfolios. Now they can have the same quality at an even greater value.”

– oOo –

For more information, please contact:

Anthony Arthur
+852 3903 2915

Deb Johnson
03 9657 3149

 

About BlackRock

BlackRock is a global leader in investment management, risk management and advisory services for institutional and retail clients. At June 30, 2016, BlackRock’s AUM was US$4.890 trillion. BlackRock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. As of June 30, 2016, the firm had approximately 12,700 employees in more than 30 countries and a major presence in global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company’s website at www.blackrock.com 

About iShares

iShares® is a global leader in exchange-traded funds (ETFs), with more than a decade of expertise and commitment to individual and institutional investors of all sizes. With over 700 funds globally across multiple asset classes and strategies and more than US$1 trillion in assets under management as of June 30, 2016, iShares helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm.*  

*Based on US$4.89 trillion in AUM as of June 30, 2016.