Offers Investors a Simple Way to Build a Diversified Core
Portfolio with a Single ETF
SAN FRANCISCO--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE:BLK) has expanded its iShares
Core exchange traded fund offering for buy-and-hold investors to
include four iShares Core Allocations ETFs. Originally launched in 2008,
the existing products have been modified to hold iShares Core ETFs
exclusively and have been renamed: iShares Core Conservative Allocation
ETF (NYSEArca:AOK), iShares Core Moderate Allocation ETF (NYSEArca:AOM),
iShares Core Growth Allocation ETF (NYSEArca:AOR) and iShares Core
Aggressive Allocation ETF (NYSEArca:AOA).
Each iShares
Core Allocation ETF offers a low-cost, diversified portfolio of U.S.
stocks, international stocks and bonds with a fixed allocation of
iShares Core ETFs based on specific risk tolerance and investment time
horizon. The funds track a revised S&P Target Risk Index Series
benchmark that will rebalance on an annual basis. All ticker symbols
will remain the same and net expense ratios for iShares Core Allocation
ETFs will range from 23 to 25 basis points.
|
|
|
|
|
Old Fund Name
|
|
New Fund Name
|
|
iShares Conservative Allocation ETF
|
|
iShares Core Conservative Allocation ETF
|
|
iShares Moderate Allocation ETF
|
|
iShares Core Moderate Allocation ETF
|
|
iShares Growth Allocation ETF
|
|
iShares Core Growth Allocation ETF
|
|
iShares Aggressive Allocation ETF
|
|
iShares Core Aggressive Allocation ETF
|
|
|
|
|
Ruth Weiss, Head of iShares U.S. Core Investments at BlackRock, commented:
“As more and more investors turn to ETFs for their long-term
investments, we saw an opportunity to offer investors and their
financial advisors a simple, low-cost way to help build a diversified
core portfolio with just one ETF. Building on the success of the iShares
Core, the iShares Core Allocation ETFs reflect BlackRock’s continued
commitment to making investing simpler and more efficient for all types
of investors.”
Heather
Pelant, Personal Investor Strategist at BlackRock, commented:
“Our research shows that nearly two-thirds1 of Americans
today have their savings and investments in cash, which over the long
term can have serious implications on meeting their most cherished life
goals such as retirement. iShares Core Allocation ETFs can be a great
all-weather tool for people looking for a straightforward, low-cost way
to invest for the long run.”
BlackRock first introduced its iShares Core ETF offering in the U.S. in
2012 and expanded it globally in 2014 with product introductions in
Canada and Europe. The global Core ETF offering had flows of $32 billion
in 2014. As of December 31, 2014, the funds had $196 billion in global
assets under management.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
December 31, 2014, BlackRock’s AUM was $4.652 trillion. BlackRock helps
clients meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City, as of
December 31, 2014, the firm had approximately 12,200 employees in more
than 30 countries and a major presence in key global markets, including
North and South America, Europe, Asia, Australia and the Middle East and
Africa. For additional information, please visit the Company’s website
at www.blackrock.com
| Twitter: @blackrock_news
| Blog: www.blackrockblog.com
| LinkedIn: www.linkedin.com/company/blackrock
About iShares
iShares is a global leader in exchange-traded funds (ETFs), with more
than a decade of expertise and commitment to individual and
institutional investors of all sizes. With over 700 funds globally
across multiple asset classes and strategies and more than $1 trillion
in assets under management as of December 31, 2014, iShares helps
clients around the world build the core of their portfolios, meet
specific investment goals and implement market views. iShares
funds are powered by the expert portfolio and risk management of
BlackRock, trusted to manage more money than any other investment firm2.
Carefully consider the Funds' investment objectives, risk factors,
and charges and expenses before investing. This and other information
can be found in the Funds' prospectuses or, if available, the summary
prospectuses which may be obtained by visiting www.iShares.com
or www.blackrock.com.
Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
Investment in the Funds is subject to the risk of the underlying Funds.
Diversification and asset allocation may not protect against market risk
or loss of principal. Transactions in shares of ETFs will result in
brokerage commissions and will generate tax consequences. All regulated
investment companies are obliged to distribute portfolio gains to
shareholders.
The Funds are distributed by BlackRock Investments, LLC (together with
its affiliates, “BlackRock”).
©2015 BlackRock, Inc. All rights reserved. BLACKROCK and iSHARES
are registered trademarks of BlackRock, Inc., or its subsidiaries in the
United States and elsewhere. All other marks are the property of their
respective owners. iS-14569-0115
1. "BlackRock’s Annual Global Investor Pulse Survey"
2. "Based on $4.652T in AUM as of 12/31/14"
BlackRock, Inc.
Diane Henry, 415-670-4567
Diane.Henry@blackrock.com
or
Melissa
Garville, 212-810-5528
Melissa.Garville@blackrock.com
Source: BlackRock, Inc.