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BlackRock has converted its International Dividend Fund into an active ETF, launching the BlackRock International Dividend ETF (NYSE:BIDD). This marks the firm's first active mutual fund to ETF conversion and first U.S.-listed active ETF focusing on high-quality dividend-paying companies across international developed and emerging markets. The ETF, managed by an all-female portfolio management team led by Olivia Treharne and Molly Greenen, aims to invest at least 80% of its net assets in dividend-paying international companies. BIDD has an expense ratio of 0.61% and tracks the MSCI ACWI ex US Index.