Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

iShares to merge US equity ETFs

iShares to merge US equity ETFs

iShares is planning to consolidate its range of US equity exchange-traded funds (ETFs).

The firm is seeking investors’ permission to merge its iShares S&P 500 ETF with its iShares MSCI US Large Cap ETF.

‘Last year’s acquisition of Credit Suisse’s ETF business resulted in iShares acquiring a number of ETFs with identical or similar exposures to the existing range,’ explained a spokesperson for iShares.

‘The proposed mergers demonstrate the constant revision of our product set to ensure we offer the most relevant and cost effective funds to our investors.’

The resulting ETF will have assets under management of around £2.2 billion and a total expense ratio of 0.07%.

For more on ETFs, visit Citywire's CPD hub

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JP Morgan's Meadon: I'm comforted by M&A activity

JP Morgan's Meadon: I'm comforted by M&A activity

Will Meadon talks about how the events of 2016 have changed his fund.

Play Wealth Manager Conference & Awards 2017: video highlights

Wealth Manager Conference & Awards 2017: video highlights

We bring you the highlights from the Citywire Conference & Awards 2017 celebrating the UK's top wealth managers.

Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Read More
Wealth Manager on Twitter