BlackRock is set to close five ETFs from its iShares range in September including some of the oldest ETFs available on the European market, ETF Stream can reveal.

The iShares FTSEurofirst 80 UCITS ETF (IEUR) was launched in December 2000 while the iShares FTSEurofirst 100 UCITS ETF (IEUT) was launched in October 2001.

However, the two products only managed to gather a combined €51m assets under management (AUM) over that period.

Also closing is the iShares JPX-Nikkei 400 EUR Hedged UCITS (NK4E), which collected €39m assets since its launch in June 2015, and the iShares MSCI UCITS ETF USD (CSBR), which saw €31m inflows since coming to market in August 2010.

The final ETF to shut is the iShares MSCI Target US Real Estate UCITS ETF (USRE). It only saw €13m inflows over four years.

The firm said in a statement: “BlackRock continually reviews its range of products to ensure that we are meeting the evolving needs of our clients.

“Based on ongoing reviews and client feedback, iShares will be closing five UCITS products in September.”

BlackRock launches range to rival Vanguard’s LifeStrategy funds

The news comes after BlackRock slashed fees across 12 of its index fund range including the £9.9bn iShares UK Equity Index fund, the £5.2 billion iShares Corporate Bond Index fund and the £5.1 billion iShares UK Gilts All Stocks Index fund.