NEW YORK–(BUSINESS THREAD)–BlackRock has expanded its Megatrends platform with the launch of the BlackRock Future Financial and Technology ETF (NYSE Arca: BPAY). The fund is actively managed by BlackRock’s Fundamental Equity (FE) franchise and seeks to maximize total return by investing in companies that offer innovative and emerging technologies that cause disruption in the financial services industry.
“In the United States alone, fintech use increased by 30% during the pandemic1,” said Vasco Moreno, BPAY’s Lead Portfolio Manager. “Through BPAY, investors have direct access to global companies that are driving the next stage of growth and leading the digital revolution in areas across the value chain, such as payment systems, banking, investments, lending and insurance and software”.
BPAY is the sixth active ETF in BlackRock’s US Megatrends platform and the fifth in the FE franchise, which includes other future-focused, actively managed thematic ETFs focused on technology, innovators, health and the environmental economy. The FE organization leverages the power of human intelligence, industry-leading technology and BlackRock’s global scale in its mission to deliver consistent, risk-managed alpha.
“With a long history of thematic investing, BlackRock is committed to providing access to forward-looking investment themes through targeted, transparent and profitable vehicles,” said Jay Jacobs, US Head of Thematic and Equity ETFs at BlackRock . “BPAY is representative of the company’s deep fundamental research expertise, strong active and index platforms and focus on innovation.”
BlackRock offers the world’s largest index and active thematic platform, spanning 44 products with over $50 billion in AUM2.
BlackRock’s purpose is to help more and more people experience financial wellness. As an investor fiduciary and a leading provider of financial technology, we help millions of people build savings that will last them a lifetime by making investing easier and more affordable. For additional information about BlackRock, visit www.blackrock.com/corporate | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
iShares offers opportunities in all markets to meet the evolving needs of investors. With more than twenty years of experience, a global lineup of more than 900 exchange-traded funds (ETFs), and $2.78 trillion in assets under management as of June 30, 2022, iShares continues to drive progress in the financial industry . iShares funds are powered by BlackRock’s expert portfolio and risk management.
Carefully consider the Funds’ investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the fund prospectuses or, if available, in the summary prospectuses which can be obtained by visiting www.iShares.com or www.blackrock.com. Please read the prospectus carefully before investing.
Investment involves risk, including possible loss of principal.
The fund is actively managed and does not seek to replicate the performance of a particular index. The fund may have a higher portfolio turnover than funds that seek to replicate the performance of an index. Buying and selling ETF shares may result in brokerage fees.
International investment involves risks, including risks related to foreign currency, limited liquidity, reduced government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks are often heightened for investments in emerging/developing markets or single country concentrations.
Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and than the general stock market.
Technology companies may be subject to severe competition and product obsolescence. The performance of companies in the financial sector can be adversely affected by many factors, including, but not limited to, government regulations, economic conditions, credit downgrades, changes in interest rates and the decrease of liquidity in the credit markets.
The Fund’s use of derivatives may reduce the Fund’s return and/or increase volatility and subject the Fund to counterparty risk, which is the risk that the other party to the transaction will not fulfill its contractual obligation. The fund could suffer losses related to its derivative positions due to a possible lack of liquidity in the secondary market and as a result of unanticipated market movements, potentially unlimited losses. There can be no guarantee that the fund’s hedging operations will be effective.
Prepared by BlackRock Investments, LLC, Member FINRA.
©2022 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other brands are the property of their respective owners.
1 Plaid Fintech Report 2021, “The Fintech Effect”.
2 BlackRock as of 7/31/2022, largest claim based on AUM; Morningstar’s overview of global thematic funds