About IYC ETF
The BlackRock Dow Jones U.S. Consumer Services Sector ETF (IYC) invests in US consumer equities and is managed by BlackRock that has an AUM of $6.2T.
IYC offers a conservative portfolio of US consumer services stocks. It has a slightly lower market risk as it is more skewed toward large-cap stocks. IYC aligns well with the benchmark with two differences. Firstly, it has a significant allocation towards Food and Drug Retail stocks whereas the benchmark holds none. Secondly, it holds Walmart, while many of its peers don't. The fund employs a representative sampling indexing strategy and invests at least 90% of its total net assets in common stocks of the index.
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About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. IYC is easy to trade, and its emphasis on liquid, large-cap stocks should make it cost-efficient block trades. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.