BlackRock (NYSE: BLK) launched a new smart beta exchange traded fund strategy that helps focus on large U.S. companies with significant business in the domestic market, potentially limiting currency risk and other foreign market risks for U.S. large-cap investors.

The recently launched iShares Russell 1000 Pure U.S. Revenue ETF (NasdaqGM: AMCA) comes with a 0.15% expense ratio.

The Russell 1000 Pure U.S. Revenue ETF tries to reflect the performance of the Russell 1000 Pure Domestic Exposure Index, which includes companies that earn a higher percentage of their revenue through sales in the U.S., compared to other large- and mid-cap companies in the U.S. equity market.

Only those with a domestic sales ratio of 90% or greater will be included in the ETF. Domestic sales ratio is calculated as the percentage of a company’s latest reported domestic revenues compared to the company’s total revenue. If the domestic sales ratio falls below 85%, the component will be removed from the index.

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