On Tuesday, BlackRock unveiled the latest additions to its ETF lineup with the release of the iShares Technology Opportunities Active ETF (TEK) and the iShares A.I. Innovation and Tech Active ETF (BAI).
“We are at the dawn of an intelligence revolution,” noted Tony Kim, head of the fundamental equities technology Group at BlackRock. “These active ETFs can help investors seize outsized and overlooked investment opportunities across the full stack of AI and advanced technologies.”
Global Tech Presence
The actively managed TEK seeks to provide capital appreciation for its investors. The fund currently has a net expense ratio of 0.75%.
Within TEK’s portfolio is a selection of companies that are leading or fundamentally disrupting the global tech industry. This includes global equities across the cap spectrum.
In the global tech industry, investing in companies of different cap sizes can make a lot of sense. The large-caps can serve as a more stable portfolio ballast while the small and midcaps can activate long-term growth opportunities.
Growth Opportunities in AI
The actively managed BAI has a net expense ratio of 0.55% at this time. It aims to generate strong total return.
BAI uses bottom-up fundamental research to invest in equities in the AI and technology sectors. In particular, the fund’s portfolio team focuses on companies engaged in serious innovation within the AI industry. The fund may invest in companies around the globe, across all cap sizes.
“iShares has been expanding its actively managed equity ETF presence in 2024 with success,” added Todd Rosenbluth, head of research at VettaFi. “It is great to see the firm tap into broader capabilities as industry demand swells.”
Right now, BlackRock has more than 430 ETFs listed in the United States. As a whole, these funds translate to over $3.1 trillion in assets under management.
For more news, information, and analysis, visit VettaFi | ETF Trends.
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