BlackRock adds new ETF share classes on Euronext Amsterdam

Oct 1st, 2019 | By | Category: Alternatives / Multi-Asset

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BlackRock has listed an assortment of new share classes for three iShares ETFs on Euronext Amsterdam.

BlackRock cross-lists trio of ETFs on Euronext Amsterdam

BlackRock has listed new share classes of three ETFs on Euronext Amsterdam.

The ETFs concerned consist of one equity fund and two fixed income funds, providing exposure to a broad market portfolio of Japanese equities, short-term euro corporate bonds (excluding financials), and local currency bonds issued by governments of G7 countries respectively.

Japan

The new share class on the iShares Core MSCI Japan IMI UCITS ETF offers euro-hedged exposure to Japanese equities and has been listed on Euronext Amsterdam under the ticker SJPE NA.

The fund, which houses approximately $4.0 billion in assets under management, is linked to the MSCI Japan Investable Market Index.

With 1,296 constituents, the index captures the performance of the large, mid, and small-cap segments of Japan’s equity market and covers approximately 99% of the country’s free float-adjusted market capitalization.

The new currency-hedged share class comes with an expense ratio of 0.20%, slightly higher than the non-hedged, US dollar-denominated share class which costs 0.15% and trades on Euronext Amsterdam under the ticker SJPA NA.

Euro credit ex-financials

The new share class on the iShares € Corp Bond ex-Financials 1-5yr UCITS ETF trades in euros on Euronext Amsterdam under the ticker IX5A NA.

The fund provides exposure to the Bloomberg Barclays Euro Corporate ex Financials 1-5 Year Bond Index which covers euro-denominated corporate bonds from issuers globally while excluding issues from firms operating in the financial sector.

Investment-grade, fixed-rate bonds with amounts outstanding of at least €300 million are eligible for selection. The index targets the shorter end of the yield curve, selecting bonds with remaining maturities between one and five years. Its effective duration is 2.9 years.

The fund comes with an expense ratio of 0.20%. The new share class trades in euros and is the fund’s first listing on Euronext Amsterdam. Income is capitalized within the portfolio.

Global government bonds

The new share class on the iShares Global Govt Bond UCITS ETF trades on Euronext Amsterdam under the ticker IGLE NA and also offers currency hedging relative to the euro.

The fund tracks the FTSE G7 Government Bond Index which consists of fixed-rate, local currency bonds issued by governments of G7 countries – Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The index covers bonds with remaining maturities greater than one year and has an effective duration of 8.4 years.

The new currency-hedged share class comes with an expense ratio of 0.25% and is the fund’s first listing on Euronext Amsterdam. Income is distributed to investors on a semi-annual basis.

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