BlackRock has created the Global iShares Investment Strategy Group in response to increasing client interest in ETF investment trends and insights.
The new group will be lead by Russ Koesterich, as global chief investment strategist.
Koesterich's selection comes after his 2008 publication The ETF Strategist, which focused on using ETFs to manage risk and return within a portfolio.
Koesterich will also continue to work leading the Investment Strategy team within BlackRock's Scientific Active Equity Group, where he has been since 2005.
Michael Latham, global head of iShares at BlackRock, says Koesterich combined deep macro investment knowledge with a profound understanding of iShares and the needs of clients.
Having played a leading role driving forward investment strategy in the Scientific Active Equity division, Koesterich will be fuelling thought leadership on behalf of iShares.
The Global iShares Investment Strategy Group is intended to provide iShares' clients with expert information on economic and investment topics, including insights into the asset classes, sectors and markets in which iShares offers access to investors.
Latham says the move was part of a commitment by iShares to provide clients with the best services in addition to the largest ETF product line-up in the market.
The group is intended to work closely with iShares research, product and client teams, providing expertise in both broad market insights and customized investment solutions.
With the resources of the larger BlackRock organization behind them, iShares' new Strategy Group will be able to leverage the large collection of investment professionals available for the benefit of their clients.
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