BlackRock adds to US equity sector ETFs range

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BlackRock has launched four ETFs in the consumer discretionary, energy, financials, healthcare and information technology sectors.

The physically-replicating ETFs provide targeted exposure to S&P 500 companies.

They have a total expense ratio of 0.18 per cent.

BlackRock’s US sector ETFs range already includes five products with exposures to consumer discretionary, energy, financials, healthcare and information technology sectors.

US sector-specific ETFs have attracted $13.3bn this year compared to a total $70.5bn that has entered US equity ETFs, BlackRock says. 

Tom Fekete, global head of iShares product at BlackRock, says: “These funds are the result of a number of conversations we had with clients wanting more granular ways to implement their views on the US equity market rally within portfolios.

The newly launched iShares S&P 500 Sector ETFs:

Fund

Exposure

iShares S&P 500 Consumer Staples UCITS ETF

(IUCS)

Companies in the US consumer staples sector, including manufacturers and distributors of food, beverages and tobacco

iShares S&P 500 Industrials UCITS ETF

(IUIS)

Companies in the industrials sector, including aerospace and defence

iShares S&P 500 Materials UCITs ETF

(IUMS)

Companies in the materials sector, including manufacture chemicals, metals, minerals and mining

iShares S&P 500 Utilities UCITS ETF

(IUUS)

Companies in the utilities sector, including electric, gas and water utility