BlackRock has launched two new exchange-traded funds on the London Stock Exchange today (9 June).
The iShares MSCI Emerging Markets Consumer Growth Ucits ETF invests in companies that derive a high or growing proportion of their revenue from this consumer spending, including developed and emerging market companies in the consumer staples, consumer discretionary healthcare, industrial, information technology and telecoms sectors.
The iShares MSCI US Dividend IQ Ucits ETF invests in US companies that target higher-than-average dividend yields, with securities screened according to their earnings quality and to ensure that dividends are sustainable over time.
Tom Fekete, head of product development for iShares in EMEA, said: “We’re starting to see a shift in sentiment towards emerging markets and the growing consumption of the middle classes is creating a compelling investment opportunity.
“Equally UK and European investors continue to need income-generating assets, and the high-quality dividends being issued by many US companies can offer a solid source of diversified income.”
Both exchange-traded funds are physically replicating funds that purchase and hold the underlying securities.
The iShares MSCI Emerging Markets Consumer Growth Ucits ETF has a total expense ratio (TER) of 0.60 per cent and the iShares MSCI US Dividend IQ Ucits ETF has a TER of 0.35 per cent.
