BlackRock has launched a new actively managed ETF targeting multiple investment themes within US equity markets.

The fund provides exposure to both structural and emerging investment themes.

Listed on NYSE Arca, the BlackRock Future US Themes ETF (BTHM US) serves as a one-ticker solution for investors wishing to avoid the complexities of building a diversified thematic portfolio and the uncertainty of when to exit individual themes.

The fund is managed by Philip Hodges, Head of Research in BlackRock’s Factor-Based Strategies Group, as well as Raffaele Savi and Travis Cooke, both part of BlackRock’s Systematic Active Equity Investment Team.

The fund delivers diversified access to a blend of long-term structural trends, which account for approximately 75% of the portfolio’s target allocation, and shorter-term emerging trends which make up the remaining 25%.

The portfolio managers leverage a model-based approach and systematic techniques to identify and capture relevant themes based on flows, sentiment, and valuations.

During temporary defensive periods, the fund may shift up to 100% of its assets into high-quality short-term fixed income securities to protect capital against adverse market conditions.

As of 16 December, information technology stocks accounted for nearly half (47.4%) of the portfolio exposure with the next-largest sector weights being financials (17.1%), communication services (12.1%), and consumer discretionary (10.6%).

Notable positions included Alphabet (9.8%), Microsoft (9.0%), Apple (8.0%), Berkshire Hathaway (4.5%), Accenture (3.8%), Texas Instruments (3.3%), Amazon (3.1%), and Blackstone (2.8%).

The ETF comes with an expense ratio of 0.60%. Distributions are made to investors on a quarterly basis.