BlackRock Strengthens Active ETF Platform with Two ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2024
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Source: Newsfilter
- BlackRock Launches New ETFs: BlackRock introduced the BlackRock Long-Term U.S. Equity ETF (BELT) and the BlackRock High Yield ETF (BRHY) managed by its strategic equity and high yield teams.
- Growth of Active ETFs: The growth of active ETFs is driven by evolving market conditions, with registered investment advisors increasingly using them in model portfolios.
- BlackRock's Alpha Performance: BlackRock has a strong track record of delivering alpha, with 93% and 79% of actively managed fixed income and equity assets outperforming benchmarks over the last five years.
- Investment Objectives: BELT seeks long-term growth through a high conviction portfolio of U.S. equities, while BRHY aims to maximize total return by investing primarily in non-investment grade bonds.
- Portfolio Managers and Expertise: The ETFs are managed by experienced portfolio managers at BlackRock, leveraging the firm's global expertise in fundamental equities and fixed income.
Analyst Views on BELT
Wall Street analysts forecast BELT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BELT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 34.755
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
