Investments  

iShares slashes ETF costs as part of new ‘core’ range

iShares has slashed the cost of a range of its exchange-traded funds as the price war on passive funds heats up.

The ETF business of BlackRock has rebranded a range of its listed tracker funds for its European market as the iShares Core Series, covering the major equity and bond indices.

As part of the rebrand, the firm has cut the cost of several of its major equity ETFs, following in the wake of recent price cuts from passive providers such as Fidelity and Vanguard.

Article continues after advert

As part of the core range, the iShares Core FTSE 100 Ucits ETF has had its total expense ratio (TER) reduced from 15 basis points to 10 basis points.

The ETFs covering the US, Japan, Asia, Europe and the world have also had their costs cut. The reductions are detailed in the table below.

The price on the two UK bond ETFs, the iShares Core UK Gilts Ucits ETF and the iShares Core £ Corporate Bond Ucits ETF, remains unchanged at 20 basis points.

Fund nameNew (previous) total expense ratio
iShares Core FTSE 100 UCITS ETF10 (15)
iShares Core EURO STOXX 50 UCITS ETF10 (20)
iShares Core S&P 500 UCITS ETF7 (15)
iShares Core MSCI Japan IMI UCITS ETF20 (48)
iShares Core MSCI Pacific ex Japan UCITS ETF20 (48)
iShares Core MSCI World UCITS ETF20 (40)
iShares Core MSCI Emerging Markets IMI UCITS ETF25