BlackRock unveils multi-factor ETF range

Products added to smart beta offering

BlackRock has added three multi-factor ETFs, known as the FactorSelect range, to its European smart beta offering.

The iShares FactorSelect ETFs track indices providing exposure to four investment factors: value, quality, momentum, and size. They have a similar level of risk to the parent indices. They are physically replicating and have a total expense ratio ranging from 0.35% to 0.5%. The range includes: the iShares FactorSelect MSCI World UCITS ETF (IFSW), the iShares FactorSelect MSCI USA UCITS ETF (IFSU), and the iShares FactorSelect MSCI Europe UCITS ETF (IFSE). ETF assets surpass hedge fund AUM for first time in Q2 Tom Fekete, head of EMEA product, iShares, at BlackRock, said: "The Fa...