Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of 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
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter