BlackRock adds ETFs to range

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BlackRock has said a new exchange traded fund range will expand investors’ choice. 

It has expanded its iShares iBonds UCITS ETF franchise with the launch of eight ETFs. 

The new funds are based on investment grade corporate bond exposures, extending the iShares range of fixed maturity UCITS ETFs to 25 funds with maturities ranging from 2025 to 2034.

It said it will provide affordable access to the corporate bond market, adding it makes bond laddering simpler by removing the need to research and purchase individual bonds.

Brett Pybus, global co-head of iShares Fixed Income ETFs, said: “As the range of iBonds UCITS ETFs grows, investors will be able to benefit from additional versatility to meet specific portfolio needs and expanding use-cases such as bond laddering.

“These new iBonds ETFs provide additional choice to clients who aim to lock in yields targeting a specific point on the curve coupled with the operational efficiency and convenience of the ETF wrapper.”

The firm’s iBonds ETFs hold bonds with similar maturity dates. Each ETF provides regular interest payments and distributes a final payout in its stated maturity year.

The new iBonds ETFs provide additional maturities in IG corporate debt to the iBonds range, across various countries and sectors offering four defined maturity dates in December 2031, 2032, 2033 and 2034, across dollars and euros.

The additions bring the range’s assets under management to $6.3bn.

tara.o’connor@ft.com

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