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BlackRock has rolled out an actively managed short-term money market exchange traded fund.
The iShares € Cash Ucits ETF offers investors “the quality and liquidity of regulated money market funds within the convenience of the ETF wrapper”, according to the world’s largest asset manager.
The product was the first actively managed short-term money market fund regulated ETF in Europe, the company said.
It provided access to “highly rated short-term money market instruments that follow the strict guidelines of European [money market fund] regulation”, BlackRock added.
This article was previously published by Ignites Europe, a title owned by the FT Group.
“Bringing the regulatory guidelines of the…
