ETFs
BlackRock launches two active ETFs, Nuveen PM retires
BlackRock launched both the Long-Term US Equity ETFs (BELT) and the BlackRock High Yield ETF (BRHY).
BELT, which is managed by Alister Hibbert And Michael Constantisaims to beat the S&P 500 by investing in a highly concentrated portfolio of 20 to 25 stocks, the company said in a statement released Tuesday.
“True business value is revealed over years, not quarters; and companies that can generate high returns over time are often undervalued by the market today. A high-conviction strategy like BELT is critical to helping investors capture this important alpha opportunity,” Hibbert said in the announcement.