BlackRock, Inc. officials announced Thursday morning that the company's iShares unit launched three new factor-based equity ETFs designed in conjunction with the investment staff of the Arizona State Retirement System and intended for use by institutional investors.
The exchange-traded funds are passive, and seek to help investors capture "smart" beta. They began trading Thursday.
The $28.4 billion Phoenix-based pension fund will be an initial investor in the three funds, Patrick Dunne, managing director and iShares head of global markets and investments, said in an interview.
The main business of an investment company is to hold and manage securities for investment purposes but they typically offer investors a variety of funds and investment services, which include portfolio management, recordkeeping, custodial, legal, accounting, and tax management services.
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BlackRock, Inc. officials announced Thursday morning that the company's iShares unit launched three new factor-based equity ETFs designed in conjunction with the investment staff of the Arizona State Retirement System and intended for use by institutional investors.
ReplyDeleteThe exchange-traded funds are passive, and seek to help investors capture "smart" beta. They began trading Thursday.
The $28.4 billion Phoenix-based pension fund will be an initial investor in the three funds, Patrick Dunne, managing director and iShares head of global markets and investments, said in an interview.
Source: Arizona State Retirement is initial investor in BlackRock's new factor-based ETFs
The main business of an investment company is to hold and manage securities for investment purposes but they typically offer investors a variety of funds and investment services, which include portfolio management, recordkeeping, custodial, legal, accounting, and tax management services.
ReplyDelete