iShares surpasses $500bn in ETF assets

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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 ...

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