BlackRock has expanded its line-up of iShares ETFs with the introduction of iShares Russell 1000 Pure U.S. Revenue ETF (Nasdaq: AMCA). …
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Martin Small, Head of U.S. iShares at BlackRock
AMCA provides investors with exposure to U.S. companies that derive a large majority of their revenue domestically.
“Globalization has profoundly altered the exposure of U.S. companies to offshore revenues and that is apparent in the performance of U.S. equity portfolios. In turn, iShares AMCA aims to provide investors with greater control to overweight the stocks of U.S. companies that are less dependent on overseas returns and more insulated from overseas risk,” said Martin Small, Head of U.S. iShares at BlackRock.
AMCA seeks to track the Russell 1000 Pure Domestic Exposure Index, which screens for companies included in the Russell 1000 that derive at least 90% of their sales from the U.S. If a constituent company’s domestic sales ratio falls below 85%, it will be removed from the index at subsequent annual rebalance.
Sectors which currently have an active overweight in AMCA compared to the Russell 1000 index include Financials, Utilities, Telecom, and Consumer Services. Healthcare, Consumer Goods, Industrials, Basic Materials, and Oil & Gas sectors each currently have an active underweight in the fund relative to the Russell 1000 index.
AMCA adds to BlackRock’s existing line-up of 14 Russell-indexed ETFs, with over $187bn in AUM as of August 3, 20171.
AMCA begins trading today, and has an expense ratio of 0.15%.
Source: ETFWorld.com
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
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