- Five new ETFs, quoted for trading on Cboe Australia, are part of iShares by BlackRock's Factor ETF suite
- BlackRock becomes first asset manager to quote ETFs across Cboe's entire global network of exchanges
- Launch is major milestone in Cboe Australia's mission to drive competition in the Australian financial market and expand the investable universe for investors across it's a global listings network
SYDNEY, Feb. 16, 2024 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced that Cboe Australia will commence trading in five new uniquely quoted Exchange Traded Funds (ETFs) from iShares by BlackRock. With these new quoted ETFs, BlackRock becomes the first global asset manager to uniquely quote its iShares ETFs on each of Cboe's global exchanges in the U.S., Canada, Australia, the UK and the European Union. Three of the funds will commence trading on Cboe Australia from today, 16 February 2024, while two Australian hedged versions of the funds will launch next week, Friday 22 February.
"These new ETFs from iShares by BlackRock on Cboe Australia are a major milestone and a significant step forward to deliver on Cboe's global listings vision. Cboe is the only exchange network in the world facilitating access to global capital and secondary liquidity by offering a seamless path for asset managers to quote across our five listings exchanges," said Dave Howson, Executive Vice President, Global President, Cboe Global Markets.
Emma Quinn, President, Cboe Australia, continued: "We're driving competition in markets like Australia, and expanding the investment universe for local investors, which we believe will provide cost efficiencies and improved investor outcomes. By combining the ability to deliver innovative products across our global network, with our leading-edge technology and best in class client service, we aim to change the face of the ETF marketplace both here in Australia and globally."
Quinn continued: "We are delighted to work with BlackRock in Australia for the first time and put their products on The Exchange for the World Stage. This has been a tremendous effort by the teams locally. At Cboe Australia we pride ourselves on having a global reach, with local expertise and this global relationship is a good example of that in practice."
Chantal Giles, Head of Wealth, BlackRock Australasia said, "ETFs play an important role in democratising investing for all types of Australian investors, enabling them to access more parts of the global market in a low-cost and efficient way. Our decision to list on Cboe demonstrates our commitment to support the growth of the Australian ETF ecosystem."
The new iShares by BlackRock Factor ETFs quoted for trading on Cboe Australia include:
- iShares MSCI World ex Australia Momentum ETF (Ticker: IMTM), which tracks the MSCI World ex Australia Momentum Index that identifies large- and mid-cap developed global companies that have performed strongly over the last 6-12 months on a risk-adjusted basis.
- iShares MSCI World ex Australia Quality ETF (Ticker: IQLT), which tracks the MSCI World ex Australia Quality Sector Capped Select Index that identifies large- and mid-cap developed global companies that have healthy balance sheets, strong profit margins and a track record of consistent year-on-year earnings growth.
- iShares MSCI World ex Australia Value ETF (Ticker: IVLU), which tracks the MSCI World ex Australia Enhanced Value Index that identifies undervalued large- and mid-cap developed global companies based on fundamentals
- And the Australian hedged versions of IVLU and IQLT: the iShares MSCI World ex Australia Quality (AUD Hedged) ETF (Ticker: IHQL) and iShares MSCI World ex Australia Value (AUD Hedged) ETF (Ticker: IVHG), designed to reduce the volatility of foreign currency movements.
Cboe is the second largest ETF listing venue in the U.S. with more than 680 ETF listings. Cboe Europe is the first Pan-European listing venue for ETFs, and currently offers more than 180 listings. Cboe Canada is home to more than 260 listings including public companies, ETFs and Canadian Depositary Receipts (CDRs). There are more than 20 ETFs and 1,100 other investment products quoted on Cboe Australia, which also captures up to 40 percent of the Australian ETF daily trading volume. Additional information can be found at Cboe Australia.
About Cboe Australia
Cboe Australia is a regulated stock exchange committed to transforming, improving and growing Australia's securities and derivatives markets. Cboe Australia has experienced strong and sustained growth and has achieved significant milestones including gaining over 20 percent market share, a daily record of $5.98 billion traded value in equity trading and up to 40 percent of the Australian ETF market (trading and reporting). The Cboe Australia investment products platform offers a range of unique products exclusively traded on Cboe Australia, including Funds (ETFs and Quoted Managed Funds), and Cboe Warrants. For more information, visit www.cboe.com.au.
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