BlackRock iShares’ exchange traded fund Core Series celebrated its one year anniversary.
ETF Trends Tom Lydon recently sat down with Sue Thompson, CIMA, Managing Director at BlackRock, at the Morningstar ETF Invest Conference in Chicago to discuss the milestone.
“We originally came out with the idea of the ‘Core’ ETFs as really the building blocks for investor’s portfolio,” Thompson said. “Something that a buy-and-hold investor can really grab onto.”
BlackRock offers a simple “Core Builder Tool” to help any investor craft a strong foundation for your portfolio with just a couple of ETF positions, according to iShares.
Since the launch of the iShares Core Series last October, the suite of ETFs has attracted $13.1 billion, or an average of just over $3 billion per quarter, according to a research note. The Core Series was designed to provide broad equity and fixed-income exposure for long-term investors.
Thompson discussed the phenomenal growth in the ETF Strategists space. These strategists manage separate accounts with a primary focus on incorporating ETFs.
Additionally, BlackRock is also seeing that ETFs are gaining traction among institutional investors.
“What we have found is that many more institutions continue to not just use ETFs but [are]increasing both the amount of ETFs they use and different ways they use ETFs,” Thompson added.
Watch the video below to see the full interview with Sue Thompson.
To view past video interviews, visit our videos section.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.