BlackRock’s iShares is readying a new set of “fund of funds” ETFs targeting individual investors and financial advisors looking for help managing risk in their portfolios.
The planned ETFs could also appeal to investors in 401(k) retirement plans, according to a report Tuesday.
BlackRock on Monday filed regulatory documents for the iShares Core Allocation Series, a line of actively managed target-risk ETFs, Ignites.com reports.
“The funds, which could become active as early as late November, allocate assets among the company’s 10 core ETFs,” according to the report.
The ETF business faces an uphill battle in 401(k) plans, which are dominated by traditional mutual funds.