BlackRock has expanded its active ETF range on the London Stock Exchange with the launch of two new vehicles focused respectively on the US equity market and European CLOs.
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Article created by the editorial staff of ETFWorld.co.uk
Annemarie Stephenson Co-Head iShares UK Asset Manager Sales at BlackRock
Trading began on 31 March 2026.
iShares U.S. Equity High Income Active UCITS ETF
The first instrument, the iShares U.S. Equity High Income Active UCITS ETF (ISIN: IE000E47O2D3) , aims to generate income and capital growth with lower volatility than the broader US equity market.
The fund is actively managed and will invest at least 80% of its assets in equities and equity-related instruments (call options, futures and swaps) of large‑capitalisation companies domiciled in, listed in, or whose main business is in the United States. It uses quantitative, rule‑based models for stock selection and simultaneously employs a strategy of selling call options and buying futures on a large‑cap US equity index to generate additional income.
The investment manager uses financial derivatives both for investment purposes and to reduce risk and costs. The use of these instruments may generate varying amounts of market leverage. The S&P 500 Index serves as a reference for performance comparison, although the manager has full discretion in stock selection and may deviate materially from the index’s composition and weights.
The Total Expense Ratio (TER) is set at 0.35%. The listed share class is distributing, with dividends paid quarterly. Although the fund’s base currency is the US dollar, the shares are denominated in sterling, creating currency exposure for investors.
| Product Name | iShares U.S. Equity High Income Active UCITS ETF |
| ISIN | IE000E47O2D3 |
| SEDOL | BTWV1M2 |
| Currency | GBP |
| Management Fee | 0.35% |
iShares € AAA CLO Active UCITS ETF
The second launch is the iShares € AAA CLO Active UCITS ETF (ISIN: IE000VHC9HY7) , an actively managed fund focused on euro‑denominated AAA‑rated collateralised loan obligations (CLOs).
The fund aims to deliver total return through income and capital appreciation by investing predominantly in investment‑grade CLOs. Its investment policy requires a minimum allocation of 80% to AAA‑rated CLOs, with up to 20% of the portfolio permitted in CLO tranches rated at least A‑.
The fund is not suitable for retail investors unless the investor qualifies as an “advanced investor” under the European MiFID Template (EMT) – meaning an investor with good knowledge of the relevant financial products and transactions, with financial industry experience, or who invests through professional advice or a discretionary portfolio service.
The investment manager may use derivatives such as futures, forwards and total return swaps for investment purposes or for efficient portfolio management. The J.P. Morgan Euro CLOIE AAA Index serves as a reference for performance comparison. The fund may also engage in short‑term securities lending with eligible third parties to generate additional income.
The TER is 0.25%. The new share class is denominated in sterling (GBP Hedged Dist), with quarterly distributions, while the fund’s base currency remains the euro.
| Product Name | iShares € AAA CLO Active UCITS ETF |
| ISIN | IE000VHC9HY7 |
| SEDOL | BT02D98 |
| Currency | GBP |
| Management Fee | 0,25% |
Context and availability
Both vehicles were issued by iShares II plc and iShares III plc, Irish management companies, and are UCITS‑compliant. Trading began today, 31 March 2026, on the main market of the London Stock Exchange.
With these launches, BlackRock expands its active management offering in the UK market, responding to demand for instruments that combine income generation with systematic investment approaches or focus on specific asset classes such as CLOs, which are generally less accessible to traditional retail investors.
Source: ETFWorld.co.uk
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