New Listing

BlackRock launches six Europe sector ETFs

Tracking MSCI indices

Tom Eckett


BlackRock has unveiled six equity ETFs offering exposure to a variety of European sectors.

The six ETFs are listed on the London Stock Exchange (LSE) and Deutsche Boerse with total expense ratios (TERs) of 0.18%.

The six ETFs are:

All six ETFs track MSCI 20/35 capped indices which means the largest weighting is capped at 35% while all other holdings are restricted to 20%.

Each ETF offers exposure to large and mid-cap securities across 15 developed market countries in Europe.

The energy sector ETF tracks the fewest number of companies with 13 while the financials ETF offers exposure to 79 securities, the most across all six strategies.

A spokesperson from BlackRock said in a statement: "The launch of the MSCI Europe sector range complements our existing 18 Stoxx Europe Sector ETFs and means that iShares is currently the only major ETF provider offering both MSCI and Stoxx Europe exposures, reflecting our commitment to be our clients’ sector investing partner of choice.

"This breadth allows investors to express their views with precision and deploy sector ETFs to achieve specific portfolio outcomes."

The world's largest asset manager has launched a number of ETFs during the second half of the year including a synthetic S&P 500 ETF, the iShares S&P 500 Swap UCITS ETF (I500), in September, ETF Stream revealed.

The move represented somewhat of a shift in thinking from the ETF issuer which made a big push to highlight the dangers of synthetic ETFs following the Global Financial Crisis.

In October, BlackRock also unveiled the world's first government bond climate ETF, the iShares € Govt Bond Climate UCITS ETF (SECD).

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