iShares passes $10bn in AUM

iShares S&P 500, the exchange traded funds (ETF) platform of BlackRock, has passed $10bn in AUM in Europe, ten years after its launch.

David Gardner, head of iShares EMEA Sales, said: “As investors watch US events closely, those with a tactical interest in US equities will be searching for the best product to meet their needs. As the largest European ETF with exposure to the US equity market, the iShares S&P 500 fund may be of benefit to some investors.

The fund has a high secondary market liquidity which translates into narrow spreads and low trading costs, which in turn help to reduce the total cost of ownership of the fund. Another attractive feature is the tight tracking of the fund; on an annualised basis, the iShares S&P 500 has less than one basis point tracking difference after costs.”

The iShares S&P 500, which is listed across five exchanges (the London Stock Exchange, Deutsche Borse, Borsa Italiana, Euronext and the SIX Swiss Exchange) and in US Dollar, Sterling and Euro trading lines, is the third largest ETF in Europe and the most traded European ETF with exposure to the US equity market, according to the latest Q1 ETP Landscape report from BlackRock.

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