BlackRock Expands Investor Access to International Equities with New Active ETF
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.
BlackRock ha convertito il suo International Dividend Fund in un ETF attivo, lanciando il BlackRock International Dividend ETF (NYSE:BIDD). Questo segna la prima conversione di un fondo comune attivo in ETF da parte dell'azienda e il primo ETF attivo quotato negli Stati Uniti che si concentra su società internazionali di alta qualità che pagano dividendi, sia nei mercati sviluppati che in quelli emergenti. L'ETF, gestito da un team interamente femminile di gestione del portafoglio guidato da Olivia Treharne e Molly Greenen, mira a investire almeno l'80% dei suoi attivi netti in società internazionali che distribuiscono dividendi. BIDD ha un rapporto di spese dello 0,61% e segue l'indice MSCI ACWI ex US.
BlackRock ha convertido su International Dividend Fund en un ETF activo, lanzando el BlackRock International Dividend ETF (NYSE:BIDD). Esto marca la primera conversión de un fondo mutuo activo a ETF por parte de la empresa y el primer ETF activo listado en EE. UU. que se enfoca en empresas internacionales de alta calidad que pagan dividendos en mercados desarrollados y emergentes. El ETF, gestionado por un equipo de gestión de cartera completamente femenino encabezado por Olivia Treharne y Molly Greenen, tiene como objetivo invertir al menos el 80% de sus activos netos en empresas internacionales que pagan dividendos. BIDD tiene una relación de gastos del 0,61% y sigue el índice MSCI ACWI ex US.
블랙록은 국제 배당금 펀드를 액티브 ETF로 전환하여 블랙록 국제 배당 ETF (NYSE:BIDD)를 출시했습니다. 이는 이 회사의 첫 번째 액티브 뮤추얼 펀드에서 ETF로의 전환이자, 미국에 상장된 첫 번째 액티브 ETF로, 국제 개발 및 신흥 시장 전역의 고품질 배당 지급 기업에 초점을 맞추고 있습니다. 이 ETF는 올리비아 트레하른과 몰리 그리넨이 이끄는 여성 포트폴리오 관리 팀에 의해 관리되며, 최소 80%의 순자산을 배당금을 지급하는 국제 기업에 투자하는 것을 목표로 합니다. BIDD의 비용 비율은 0.61%이며, MSCI ACWI ex US 지수를 추적합니다.
BlackRock a converti son International Dividend Fund en un ETF actif, lançant le BlackRock International Dividend ETF (NYSE:BIDD). Cela marque la première conversion d'un fonds mutuel actif en ETF par la société et le premier ETF actif coté aux États-Unis axé sur des entreprises internationales de haute qualité versant des dividendes, tant sur les marchés développés que sur les marchés émergents. L'ETF, géré par une équipe de gestion de portefeuille entièrement féminine dirigée par Olivia Treharne et Molly Greenen, vise à investir au moins 80 % de ses actifs nets dans des entreprises internationales versant des dividendes. BIDD a un ratio de dépenses de 0,61 % et suit l'indice MSCI ACWI ex US.
BlackRock hat seinen International Dividend Fund in einen aktiven ETF umgewandelt und den BlackRock International Dividend ETF (NYSE:BIDD) eingeführt. Dies markiert die erste Umwandlung eines aktiven Mischfonds in einen ETF durch das Unternehmen und den ersten an der US-Börse gelisteten aktiven ETF, der sich auf hochqualitative dividendenzahlende Unternehmen in entwickelten und aufstrebenden internationalen Märkten konzentriert. Der ETF wird von einem vollständig weiblichen Portfolio-Management-Team geleitet, das von Olivia Treharne und Molly Greenen angeführt wird, und zielt darauf ab, mindestens 80 % seines Nettovermögens in dividendenzahlende internationale Unternehmen zu investieren. BIDD hat eine Kostenquote von 0,61 % und verfolgt den MSCI ACWI ex US Index.
- First active mutual fund to ETF conversion, expanding product offerings
- Provides tax efficiency, liquidity, and transparency benefits through ETF structure
- Managed by experienced team with proven track record in international equity strategies
- BlackRock manages $33 billion across 40+ active ETFs in the U.S.
- Relatively high expense ratio of 0.61% compared to passive ETFs
Insights
The launch of BIDD represents a strategic move in BlackRock's ETF business evolution, particularly significant as their first mutual fund to ETF conversion. The 0.61% expense ratio positions it competitively in the active international equity ETF space. The conversion aligns with industry trends showing increasing advisor preference for ETF structures over traditional mutual funds, driven by better tax efficiency and liquidity benefits.
The focus on international dividend-paying companies is timely given current market conditions where U.S. mega-cap concentration has created diversification concerns. With
The BlackRock International Dividend ETF (BIDD) is BlackRock’s first active mutual fund converted ETF
Consistent historical outperformance led by all-female portfolio management team1
International equities, especially among the dividend-paying large caps, could offer investors an alternative source of alpha over the long term.2 The rise of mega caps in the U.S. market underscores the need for portfolio diversification to drive potential future returns, especially during market rotations.
Led by Olivia Treharne and Molly Greenen, the all-female portfolio management team has a proven track record of managing one of the largest high-conviction international equity strategies.3 BIDD extends iShares’ active ETF offering with the convenience, liquidity and potential tax-efficiency of the ETF wrapper.
“By investing exclusively in high-quality international businesses and concentrating on valuation, we have delivered resilient, recurring returns over time,” said Olivia Treharne, Portfolio Manager & Co-Head of BlackRock’s Global Equity Team.1 “The new active ETF helps empower a broader range of investors with easy access to pursue opportunities in the international markets.”
Fund Name |
Ticker |
Underlying Index |
Expense Ratio |
BlackRock International Dividend ETF |
NYSE:BIDD |
MSCI ACWI ex US Index |
|
As BlackRock’s first mutual fund converted ETF, BIDD represents a new chapter in the firm’s commitment to product innovation and simplifying access to diverse and quality investment solutions.
“Our product development strategy begins with our clients. As fee-based advisors increasingly gravitate towards active ETFs for their tax and cost efficiency, liquidity and transparency, this conversion is a testament to the strength of our product platform to deliver access to our active investment strategies in a range of formats,” says Rachel Aguirre, Head of
BlackRock manages
BlackRock International Dividend Active ETF (BIDD)
BIDD has substantially similar investment strategies, processes, and portfolio management team as the converted mutual fund. It aims to deliver strong returns by investing at least
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
About iShares
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1,400+ exchange traded funds (ETFs) and
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
There is no guarantee that any fund will pay dividends. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets and in concentrations of single countries. Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and the general securities market.
Actively managed funds do not seek to replicate the performance of a specified index, may have higher portfolio turnover, and may charge higher fees than index funds due to increased trading and research expenses.
Diversification and asset allocation may not protect against market risk or loss of principal. Transactions in shares of ETFs may result in brokerage commissions and may generate tax consequences. All regulated investment companies are obliged to distribute portfolio gains to shareholders.
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change.
The Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
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1 BlackRock, Morningstar as of 09/30/2024. Past performance is no guarantee of future results.
2Morningstar, 11/08/2024. The average Foreign Large Blend fund has beaten the MSCI ACWI ex
3 Morningstar, as of 11/12/2024. BIDD’s
4 BlackRock, as of 11/15/2024.
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Joanna Yau
Joanna.yau@blackrock.com
646.856.7274
Source: BlackRock
FAQ
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