On the heels of Bill Gross’ latest active exchange-traded fund, BlackRock has thrown its hat into the active ETF space with a proposed offering of its own.
According to a Securities & Exchange Commission filing, the firm is looking to launch the iShares Sovereign Screened Global Bond Fund, which will bet on developed and emerging markets bonds. The fund will not invest in swap agreements, futures contracts or option contracts.
BlackRock noted in the filing that “Unlike many ETFs, the fund is not an index-based ETF.”
The fund’s portfolio managers are James Mauro and Scott Radell. The firm did not disclose the fund’s fees in the filing.
A BlackRock spokesperson was not immediately available to comment on the firm's latest offering.
Hung Tran writes for Money Management Executive.