Cboe Australia Lists 3 New iShares Global Equity ETFs

Investment manager Blackrock has listed three new iShares Australian Exchange Traded Fund (ETFs) on the Cboe Australia exchange. They add to the 178 listed iShares ETFs listed across Cboe’s five listings exchanges across North America, Europe, and Asia Pacific.

The new iShares ETFs include the iShares MSCI World ex Australia Momentum ETF (CBOE: IMTM), the iShares MSCI World ex Australia Quality ETF (CBOE: IQLT), and the iShares MSCI World ex Australia Value ETF (CBOE: IVLU).

The ETFs are passively managed and track various MSCI indexes. MSCI is an acronym for Morgan Stanley Capital International. MSCI is best known for its benchmark indexes.

Additionally, two of the ETFs have currency-hedged offerings.

Who is Cboe?

Cboe Australia, formerly known as Chi-X, launched in October 2011 is Australia’s second-largest securities exchange offering an alternative trading platform for Australian listed securities.

There are more than 20 ETFs quoted on Cboe Australia, regulated by ASIC which currently captures up to 40 percent of the Australian ETF daily trading volume.

Most Australian online broker websites incorporate Cboe trades in bid and offer platforms.

iShares MSCI World ex Australia Momentum ETF (CBOE: IMTM)

IMTM tracks the MSCI World ex-Australia Momentum Index. The index has large and mid-cap global companies that have performed strongly over the last 6-12 months on a risk-adjusted basis.

iShares MSCI World ex Australia Quality ETF (CBOE: IQLT)

IQLT tracks the MSCI World ex-Australia Quality Sector Capped Select Index. The index has large and mid-cap developed global companies that have healthy balance sheets, strong profit margins, and a track record of consistent earnings growth.

iShares MSCI World ex Australia Value ETF (CBOE: IVLU)

IVLU tracks the MSCI World ex-Australia Enhanced Value Index. The index has undervalued large and mid-cap developed global companies based on fundamentals.

Currency hedged versions

There are also currency-hedged offerings of IQLT and IVLU. Namely, the iShares MSCI World ex Australia Quality (Hedged) ETF (CBOE: IHQL) and iShares MSCI World ex Australia Value (Hedged) ETF (CBOE: IVHG).

Currency-hedged ETFs are designed to reduce the volatility of foreign exchange movements in the holdings of a fund manager’s portfolio.

Reflecting the just listed status assets under management of these global equity ETFs are minimal. Each fund has a management fee of 0.25%.

Blackrock has 178 ETFs listed on Cboe’s five listings exchanges across North America, Europe, and Asia Pacific.

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