BlackRock Strengthens Thematic Equity Offering with U.S. Manufacturing ETF
18 Julio 2024 - 7:30AM
Business Wire
Provides access to companies which could be
poised to benefit from boost in U.S. manufacturing
Today, BlackRock expanded its thematic equity suite with the
launch of the iShares U.S. Manufacturing ETF (NYSE: MADE). The Fund
takes a targeted approach to investing in companies that may be at
the forefront of the U.S. manufacturing renaissance, seeking to
capture opportunities arising from various drivers, including
recent policy initiatives that incentivize reshoring manufacturing
activities.
“Evolving trade relations and a call for enhancing supply chain
resiliency have paved the way for the concerted effort across the
public and private sectors to reestablish the U.S. as a leader in
manufacturing,” said Jay Jacobs, U.S. Head of Thematic and
Active ETFs at BlackRock. “MADE is designed to capture these
long-term themes by providing targeted access to companies that
could be poised to benefit from supportive policies and secular
trends, enabling investors to potentially capture the renaissance
in American manufacturing in the convenience of an ETF.”
Fund Name
Ticker
Underlying Index
Expense Ratio
iShares U.S. Manufacturing
ETF
NYSE: MADE
S&P U.S. Manufacturing Select
Index
0.40%
Policy efforts to increase domestic production have accelerated
the growth story for U.S. manufacturers. For example, recent
policies, such as the Infrastructure Investment and Jobs Act, the
Inflation Reduction Act, and the Chips and Science Act, have
already allocated $2.1 trillion to improve infrastructure and
incentivize companies in critical industries, like semiconductors,
to build factories in the U.S..1
In addition to policy efforts, the rewiring of global supply
chains for resilience could bolster continued growth among U.S.
manufacturers. Since 2020, construction spending on U.S.
manufacturing has nearly tripled from $78 billion to $234 billion
as of May 2024,2 demonstrating an accelerating effort to
reestablish the U.S.’s production of goods from automobiles and
chips to aerospace & defense equipment.
MADE is designed to invest in companies that could benefit from
boost in manufacturing regardless of traditional sector
classifications, encompassing companies directly involved in
manufacturing across consumer cyclicals, technology, automotive,
defense, and construction. MADE can be added to a portfolio either
as differentiated exposure for traditional sectors like
Industrials, or as a satellite exposure alongside other long term
structural themes for portfolio diversification.
About iShares
iShares unlocks opportunity across markets to meet the evolving
needs of investors. With more than twenty years of experience, a
global line-up of 1400+ exchange traded funds (ETFs) and $3.86
trillion in assets under management as of June 30, 2024, iShares
continues to drive progress for the financial industry. iShares
funds are powered by the expert portfolio and risk management of
BlackRock.
Carefully consider the Funds' investment objectives, risk
factors, and charges and expenses before investing. This and
other information can be found in the Funds' prospectuses or,
if available, the summary prospectuses which may be obtained
by visiting www.iShares.com or www.blackrock.com. Read the
prospectus carefully before investing.
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This information should not be relied upon as research,
investment advice, or a recommendation regarding any products,
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strictly for illustrative, educational, or informational purposes
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1 Deloitte, October 2022. 2 Federal Reserve Economic Data, Jan
2020 – May 2024, as of May 2024.
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MEDIA Joanna Yau
Joanna.Yau@BlackRock.com 646.856.7274