BlackRock's New iShares International Country Rotation ETF
Today marks a significant milestone for BlackRock as it broadens its active ETF offerings with the introduction of the iShares International Country Rotation Active ETF (CORO). This innovative product has been crafted as an essential component for investors looking to adapt to shifting economic landscapes across international markets. The strategic design of CORO draws on insights from BlackRock's Model Portfolio Solutions (MPS) team and proprietary quantitative models, enabling a responsive approach to investment decisions in developed and emerging markets.
Management Team Behind CORO
Overseen by an experienced team that includes Lisa O’Connor, Michele Freed, Michael Gates, and Jonathan Adams, CORO is poised to leverage MPS’s significant asset allocation expertise. The ETF aims to capture potential additional alpha by providing flexible investment routes that vary across numerous international markets. With MPS’s global oversight of $178 billion in assets under management, investors gain access to a wealth of research and dedicated professionals focused on optimizing portfolio strategies.
Market Agility with CORO
CORO’s strategy is crafted to allow investors adaptability in reaction to ever-changing economic conditions. By investing exclusively in iShares country ETFs, CORO positions itself to capitalize on the broader economic cycles of various countries. This agile allocation allows for timely adjustments in response to fluctuations within international markets, providing investors with a robust tool for managing their investment portfolios.
Benefits for Financial Advisors
The ETF landscape is evolving, and BlackRock recognizes the increasing inclination of financial advisors towards active ETFs as effective model-building components. As Rachel Aguirre, U.S. Head of iShares Products at BlackRock, emphasizes, “We continue to see more financial advisors leveraging active ETFs to optimize consistent and repeatable outcomes for their clients.” The introduction of CORO enhances this trend by offering a new avenue for advisors to seek alpha through dynamic market positioning.
Investing in Tomorrow
With over $34 billion in assets currently managed across more than 40 active ETFs in the U.S., BlackRock is dedicated to developing and enhancing solutions that meet investor needs. CORO not only supplements the existing suite of offerings but also encourages a larger strategic framework for active investment and risk management.
About BlackRock
BlackRock's mission is rooted in promoting financial well-being for an increasing number of individuals. As a fiduciary and a global leader in financial technology, the firm supports millions in their journey to secure savings that facilitate a secure future. BlackRock maintains a steadfast commitment to making investing more accessible and affordable for everyone.
About iShares
The iShares platform stands out in the financial landscape, offering tailored opportunities for evolving investor needs. With over twenty years in the market, more than 1,400 exchange-traded funds (ETFs) are managed within the iShares umbrella, accounting for over $4.2 trillion in assets. The success of these funds is driven by BlackRock’s expert portfolio management and risk assessment capabilities.
Frequently Asked Questions
What is the purpose of the iShares International Country Rotation ETF (CORO)?
CORO is designed to provide investors with a flexible tool for dynamically accessing international markets, adapting to their economic cycles.
Who manages the CORO ETF?
The ETF is managed by a team including Michele Freed, Michael Gates, Lisa O’Connor, and Jonathan Adams, all experts in their fields.
How does CORO benefit financial advisors?
CORO acts as a model-building block that allows advisors to generate consistent outcomes for clients by allocating investments across varied international markets.
What assets does BlackRock manage in the U.S.?
BlackRock manages approximately $34 billion in assets across over 40 active ETFs in the U.S. market.
What is the benchmark for CORO's performance?
CORO's performance is benchmarked against the MSCI ACWI ex-US Index, providing a standard for measuring its success.
