BlackRock to Mirror $130B Russell 1000 Growth, Value ETFs in Europe

The issuer is looking to emulate IWF’s and IWD’s success on the continent.

Reviewed by: Lisa Barr
Edited by: Lisa Barr

LONDON – BlackRock is bringing two ‘first generation’ Russell 1000 growth and value ETFs to Europe, ETF Stream can reveal.

The iShares Russell 1000 Growth UCITS ETF (R1GR) and the iShares Russell 1000 Value UCITS ETF (R1VL) are set to list on Euronext Amsterdam in the near future.

The ETFs will track the Russell 1000 growth and value indices, respectively, as the world’s largest asset manager looks to emulate their success on the continent.

Launched in 2000, the $70bn iShares Russell 1000 Growth ETF (IWF) and the $50bn iShares Russell 1000 Value ETF (IWD) are considered to have introduced the systematic style tilts to a market that was already well-versed in a style-based approach to equity investing.

Two decades later and the two ETFs are two of the five largest smart beta ETFs and account for almost 10% of the $1.36trn US strategic beta exchange-traded product market.

The two ETFs are available in the US with a total expense ratio (TER) of 0.18%.

Investors have continued to be drawn to value, growth and dividend-screens strategies, which account for over three-quarters of smart beta ETPs in the market, according to Morningstar.

Last year, US growth ETFs pulled in $24.7bn of assets while value saw $18.6bn inflows.

[This article originally appeared on ETF Stream.]

Theo Andrew joined ETF Stream as a senior reporter in September 2021. He has over four years of investment writing experience spanning pensions and retail investments, most recently at Citywire, where he was a senior reporter covering environmental, social and governance investing.