BlackRock (NYSE:BLK) announced plans to liquidate 19 U.S.-domiciled mutual funds and ETFs as part of an evolution of its investment platform. The impacted products include LifePath ESG Index funds, sustainable and allocation strategies, and several iShares ETFs, with liquidation dates from August to October 2026.
BlackRock launched two new ETFs: the BlackRock Long-Term U.S. Equity ETF (BELT) and the BlackRock High Yield ETF (BRHY). These ETFs are managed by BlackRock’s Strategic Equity and High Yield teams, respectively, and aim to provide liquidity, tax efficiency, and alpha. BELT focuses on long-term growth in U.S. equities, maintaining a concentrated portfolio of 20-25 positions. BRHY targets non-investment grade bonds with maturities of 10 years or less. With these launches, BlackRock now manages $25 billion across 40 active ETFs in the U.S. and has seen a significant increase in active ETF adoption.