The New York-listed asset management giant is boosting its multi-factor ETF range using MSCI indexes.

BlackRock has added three multi-factor exchange-traded funds to its European smart beta range through its ETF provider, iShares.

The iShares FactorSelect MSCI World UCITS ETF (IFSW), iShares FactorSelect MSCI USA UCITS ETF (IFSU), and iShares FactorSelect MSCI Europe UCITS ETF (IFSE) provide exposure to investment styles that have historically added long-term value, the firm said.

The funds are physically replicating, meaning they hold all, or some, of the assets within the underlying benchmark. They focus on value, quality, momentum and size, while maintaining broad diversification, with a total expense ratio ranging from 0.35 per cent to 0.5 per cent.

“These new multi-factor ETFs provide exposure to multiple sources of potential excess returns in a single fund, resulting in a diversified strategy that may perform well in different market conditions. Investors could consider these smart beta ETFs as a complement to traditional index and active strategies, to potentially enhance diversification and improve returns,” said BlackRock's head of EMEA product, iShares, Tom Fekete.

BlackRock recently appointed Jan Bratteberg as the new head of iShares in the Nordics, replacing Geir Espeskog, who moved to Hong Kong to lead iShares distribution in the Asia-Pacific region. As of the end of June, the ETF provider had over 700 funds globally, with more than $1 trillion in assets under management.