WPS Profile
The iShares International Developed Property ETF seeks to provide investors with exposure to real estate securities from developed markets outside the United States. The fund generally allocates at least 80% of its assets to the component securities of its benchmark index, which includes real estate investment trusts (REITs) and other real estate-related companies operating in international developed markets. This focus on high-quality, international property assets aims to capture the growth and income potential of the global real estate sector.
The benchmark index, which the fund aims to track, represents a broad array of real estate companies from established economies, excluding the U.S. By investing in these component securities, the fund offers investors a diversified portfolio of real estate assets, providing exposure to various property types and geographic regions. The fund’s strategy includes investing in properties such as office buildings, retail centers, industrial facilities, and residential properties, reflecting the diverse nature of the global real estate market.
In addition to its core holdings, the fund may invest up to 20% of its assets in futures, options, and swap contracts, as well as cash and cash equivalents. This flexibility allows the fund to manage liquidity and adjust its portfolio in response to market conditions. Additionally, the fund may invest in securities not included in the index but deemed by BlackRock Fund Advisors (BFA) to help track the index more effectively. This approach aims to enhance the fund’s ability to mirror the performance of its benchmark.
Managed by BlackRock Fund Advisors, the iShares International Developed Property ETF benefits from the firm's expertise in global real estate markets and fund management. The fund’s objective is to offer investors a comprehensive and diversified exposure to international developed real estate markets while maintaining efficient tracking of its benchmark index. The emphasis on both core investments and strategic use of derivatives and cash management underscores the fund’s commitment to delivering consistent performance aligned with its investment goals.
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