BlackRock Introduces International Country Rotation Strategy to Active ETF Lineup
BlackRock has launched the iShares International Country Rotation Active ETF (CORO), expanding its active ETF lineup. The fund is managed by Lisa O'Connor, Michael Gates, Michele Freed, and Jonathan Adams, leveraging insights from BlackRock's Model Portfolio Solutions (MPS) team to dynamically allocate across international developed and emerging markets.
CORO aims to capture additional alpha by investing in iShares country ETFs and responding to changes in economic cycles across international markets. The strategy is backed by MPS, which oversees $178 billion in assets globally and employs over 20 research and portfolio management professionals. The fund uses the MSCI ACWI ex-US Index as its performance benchmark.
BlackRock currently manages $34 billion across more than 40 active ETFs in the U.S.
BlackRock ha lanciato l'iShares International Country Rotation Active ETF (CORO), ampliando la sua gamma di ETF attivi. Il fondo è gestito da Lisa O'Connor, Michael Gates, Michele Freed e Jonathan Adams, sfruttando le intuizioni del team di Soluzioni di Portafoglio Modello (MPS) di BlackRock per allocare dinamicamente tra mercati sviluppati e emergenti a livello internazionale.
CORO mira a catturare ulteriore alpha investendo in ETF nazionali di iShares e rispondendo ai cambiamenti nei cicli economici nei mercati internazionali. La strategia è supportata da MPS, che gestisce 178 miliardi di dollari in attivi a livello globale e impiega oltre 20 professionisti nella ricerca e nella gestione del portafoglio. Il fondo utilizza l'Indice MSCI ACWI ex-US come benchmark di performance.
BlackRock attualmente gestisce 34 miliardi di dollari in oltre 40 ETF attivi negli Stati Uniti.
BlackRock ha lanzado el iShares International Country Rotation Active ETF (CORO), ampliando su línea de ETFs activos. El fondo es gestionado por Lisa O'Connor, Michael Gates, Michele Freed y Jonathan Adams, aprovechando las perspectivas del equipo de Soluciones de Cartera Modelo (MPS) de BlackRock para asignar dinámicamente en mercados desarrollados y emergentes internacionales.
CORO busca capturar alfa adicional invirtiendo en ETFs de países de iShares y respondiendo a cambios en los ciclos económicos de los mercados internacionales. La estrategia está respaldada por MPS, que supervisa $178 mil millones en activos a nivel global y emplea a más de 20 profesionales en investigación y gestión de carteras. El fondo utiliza el Índice MSCI ACWI ex-US como su referencia de rendimiento.
Actualmente, BlackRock gestiona $34 mil millones en más de 40 ETFs activos en EE. UU.
블랙록은 iShares International Country Rotation Active ETF (CORO)를 출시하여 액티브 ETF 라인업을 확장했습니다. 이 펀드는 리사 오코너, 마이클 게이츠, 미셸 프리드, 조너선 아담스가 관리하며, 블랙록의 모델 포트폴리오 솔루션(MPS) 팀의 통찰력을 활용하여 국제 선진 및 신흥 시장 전반에 걸쳐 동적 할당을 진행합니다.
CORO는 iShares 국가 ETF에 투자하여 국제 시장의 경제 주기 변화에 대응함으로써 추가적인 알파를 추구합니다. 이 전략은 1780억 달러의 자산을 관리하고 20명 이상의 연구 및 포트폴리오 관리 전문가를 고용하는 MPS에 의해 뒷받침됩니다. 이 펀드는 MSCI ACWI ex-US 지수를 성과 벤치마크로 사용합니다.
블랙록은 현재 미국에서 400억 달러 이상을 관리하고 있습니다.
BlackRock a lancé l'iShares International Country Rotation Active ETF (CORO), élargissant ainsi sa gamme d'ETF actifs. Le fonds est géré par Lisa O'Connor, Michael Gates, Michele Freed et Jonathan Adams, tirant parti des études de l'équipe des Solutions de Portefeuille Modèle (MPS) de BlackRock pour allouer dynamiquement des fonds à travers les marchés internationaux développés et émergents.
CORO vise à capturer un alpha supplémentaire en investissant dans des ETF pays d'iShares et en réagissant aux changements des cycles économiques sur les marchés internationaux. La stratégie est soutenue par MPS, qui supervise 178 milliards de dollars d'actifs dans le monde et emploie plus de 20 professionnels en recherche et gestion de portefeuille. Le fonds utilise l'Indice MSCI ACWI ex-US comme référence de performance.
À l'heure actuelle, BlackRock gère 34 milliards de dollars à travers plus de 40 ETF actifs aux États-Unis.
BlackRock hat den iShares International Country Rotation Active ETF (CORO) lanciert und damit sein Angebot an aktiven ETFs erweitert. Der Fonds wird von Lisa O'Connor, Michael Gates, Michele Freed und Jonathan Adams verwaltet und nutzt die Erkenntnisse des Modellportfolioteams (MPS) von BlackRock, um dynamisch zwischen internationalen Entwicklungs- und Schwellenmärkten zu investieren.
CORO zielt darauf ab, zusätzliches Alpha zu erfassen, indem in iShares-Länder-ETFs investiert wird und auf Veränderungen der wirtschaftlichen Zyklen in internationalen Märkten reagiert wird. Die Strategie wird von MPS unterstützt, das weltweit 178 Milliarden Dollar an Vermögenswerten verwaltet und über 20 Fachkräfte für Forschung und Portfolioverwaltung beschäftigt. Der Fonds verwendet den MSCI ACWI ex-US Index als Performance-Benchmark.
Derzeit verwaltet BlackRock 34 Milliarden Dollar in mehr als 40 aktiven ETFs in den USA.
- Launch of new active ETF product expanding international market exposure
- Backed by substantial resources with $178 billion in MPS assets under management
- Part of growing active ETF platform with $34 billion AUM across 40+ funds
- None.
Insights
The launch of BlackRock's International Country Rotation Active ETF (CORO) represents a strategic expansion in the active ETF space but has immediate market impact. While backed by BlackRock's substantial
The ETF's focus on international market rotation could attract attention from advisors seeking tactical allocation tools, particularly given current global market dynamics. However, without initial AUM figures or fee structure details, the immediate financial impact on BlackRock (
The product demonstrates BlackRock's continued push into active management and international diversification but represents an incremental addition to their extensive ETF lineup rather than a transformative development.
Broadens Access to Dynamic International Exposure with Expertise from the Firm’s Model Portfolio Solutions Team
Managed by Lisa O’Connor, Michael Gates, Michele Freed, and Jonathan Adams, CORO benefits from MPS’s asset allocation insights to capture potential additional alpha. By investing in iShares country ETFs, CORO’s strategy enables agile allocation across various international markets in response to changes in their economic cycles. MPS oversees
“International equities are a crucial diversifier for
iShares International Country Rotation Active ETF |
|
Ticker |
CORO |
Performance Benchmark |
MSCI ACWI ex-US Index |
Portfolio Managers |
Michele Freed, Michael Gates, CFA, Lisa O’Connor, CFA, and Jonathan Adams |
Enhancing whole portfolio solutions for financial advisors
“We continue to see more financial advisors leveraging active ETFs as model building blocks to scale the delivery of consistent, repeatable outcomes for their clients,” said Rachel Aguirre,
BlackRock manages
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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 the classification system used to determine the rotation model or strategy will achieve its intended results. The fund may engage in active and frequent trading of its portfolio securities which may result in higher transaction costs to the fund. The fund is actively managed and does not seek to replicate the performance of a specified index.
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.
Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund's alpha.
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, as of 11/15/2024.
2 BlackRock, as of 12/3/2024.
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Media:
Joanna Yau
Joanna.yau@blackrock.com
646.856.7274
Source: BlackRock
FAQ
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