BlackRock's ETF arm iShares has surpassed $500bn in global assets under management (AUM), hitting $509bn at the end of March.
This milestone comes as the ETF industry celebrates its 10th anniversary in Europe and the UK, following the launch of the first two LDRS funds on the Deutsche Boerse on 11 April 2000. As the largest issuer of ETFs globally, iShares accounts for nearly half of the industry's total AUM, according to BlackRock's ETF Landscape 2010. The issuer says the financial crisis has accentuated the attributes associated with ETFs, including transparency, liquidity and cost efficiency. ETFs serve as flexible building blocks, which investors can use to implement their investment strategies. Rory ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes