Market Chatter: BlackRock's New Space ETF to Incorporate IPOs in 10 to 30 Days

MT Newswires Live
Jun 09

BlackRock (BLK) plans to launch the iShares Space Technologies UCITS ETF for European investors, allowing newly public companies to be incorporated within weeks of their listings, Bloomberg reported Tuesday.

The index features an IPO fast-entry process, adding newly listed companies within 10 to 30 days. It also enables new listings to be added through intra-rebalance reviews rather than waiting for scheduled rebalances, according to the report.

Space ETFs have attracted $8 billion in net inflows since the start of the year, making them the second-largest ETF theme by inflows, Bloomberg Intelligence added.

BlackRock didn't immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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