BlackRock Expands iShares 'Core' with Real Estate, Intermediate Bond ETFs

BlackRock is expanding its lineup of cheap iShares “Core” ETFs with the addition of a U.S. real estate sector and a medium-term global bond option.

On Thursday, November 3, the iShares Core U.S. REIT ETF (USRT) and iShares Core 5-10 Year USD Bond ETF (IMTB) are expected to begin trading, according to a press release. Both of the funds will come with a low 0.08% expense ratio.

The two new ETFs join the 15 other iShares Core options, which recently had their expense ratios lowered ahead of the new Department of Labor fiduciary rule changes.

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“We re-priced our U.S. iShares Core ETFs to set a new market standard for all long-term investors and to lead this growing segment of the ETF market. Over the past month, individual and institutional investors have adopted iShares Core ETFs faster than we expected, adding $4.9bn in net inflows,” Martin Small, U.S. Head of iShares, said in a press release. “iShares Core ETFs offer investors and advisors the tax efficiency, liquidity and quality they need. As advisors prepare for the major shift the Department of Labor (DoL) fiduciary rule requires – providing investors with quality products at great value in the center of their portfolios – we expect adoption of iShares Core ETFs to continue.”