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Cboe AUSTRALIA QUOTES iSHARES BY BLACKROCK ETFS, THE FIRST ASSET MANAGER TO LIST PRODUCT ON Cboe's GLOBAL NETWORK OF EXCHANGES

Cboe AUSTRALIA QUOTES iSHARES BY BLACKROCK ETFS, THE FIRST ASSET MANAGER TO LIST PRODUCT ON Cboe's GLOBAL NETWORK OF EXCHANGES
  • Five new ETFs, quoted for trading on Cboe Australia, are part of iShares by BlackRock's Factor ETF suite
  • BlackRock becomes first asset manager to quote ETFs across Cboe's entire global network of exchanges
  • Launch is major milestone in Cboe Australia's mission to drive competition in the Australian financial market and expand the investable universe for investors across it's a global listings network

SYDNEY, Feb. 16, 2024 /PRNewswire/ -- Cboe Global Markets, Inc. (Cboe: CBOE), the world's leading derivatives and securities exchange network, today announced that Cboe Australia will commence trading in five new uniquely quoted Exchange Traded Funds (ETFs) from iShares by BlackRock. With these new quoted ETFs, BlackRock becomes the first global asset manager to uniquely quote its iShares ETFs on each of Cboe's global exchanges in the U.S., Canada, Australia, the UK and the European Union. Three of the funds will commence trading on Cboe Australia from today, 16 February 2024, while two Australian hedged versions of the funds will launch next week, Friday 22 February.

"These new ETFs from iShares by BlackRock on Cboe Australia are a major milestone and a significant step forward to deliver on Cboe's global listings vision. Cboe is the only exchange network in the world facilitating access to global capital and secondary liquidity by offering a seamless path for asset managers to quote across our five listings exchanges," said Dave Howson, Executive Vice President, Global President, Cboe Global Markets.

Emma Quinn, President, Cboe Australia, continued: "We're driving competition in markets like Australia, and expanding the investment universe for local investors, which we believe will provide cost efficiencies and improved investor outcomes. By combining the ability to deliver innovative products across our global network, with our leading-edge technology and best in class client service, we aim to change the face of the ETF marketplace both here in Australia and globally."

Quinn continued: "We are delighted to work with BlackRock in Australia for the first time and put their products on The Exchange for the World Stage. This has been a tremendous effort by the teams locally. At Cboe Australia we pride ourselves on having a global reach, with local expertise and this global relationship is a good example of that in practice."

Chantal Giles, Head of Wealth, BlackRock Australasia said, "ETFs play an important role in democratising investing for all types of Australian investors, enabling them to access more parts of the global market in a low-cost and efficient way. Our decision to list on Cboe demonstrates our commitment to support the growth of the Australian ETF ecosystem."

The new iShares by BlackRock Factor ETFs quoted for trading on Cboe Australia include:

  • iShares MSCI World ex Australia Momentum ETF (Ticker: IMTM), which tracks the MSCI World ex Australia Momentum Index that identifies large- and mid-cap developed global companies that have performed strongly over the last 6-12 months on a risk-adjusted basis.
  • iShares MSCI World ex Australia Quality ETF (Ticker: IQLT), which tracks the MSCI World ex Australia Quality Sector Capped Select Index that identifies large- and mid-cap developed global companies that have healthy balance sheets, strong profit margins and a track record of consistent year-on-year earnings growth.
  • iShares MSCI World ex Australia Value ETF (Ticker: IVLU), which tracks the MSCI World ex Australia Enhanced Value Index that identifies undervalued large- and mid-cap developed global companies based on fundamentals
  • And the Australian hedged versions of IVLU and IQLT: the iShares MSCI World ex Australia Quality (AUD Hedged) ETF (Ticker: IHQL) and iShares MSCI World ex Australia Value (AUD Hedged) ETF (Ticker: IVHG), designed to reduce the volatility of foreign currency movements.

Cboe is the second largest ETF listing venue in the U.S. with more than 680 ETF listings. Cboe Europe is the first Pan-European listing venue for ETFs, and currently offers more than 180 listings. Cboe Canada is home to more than 260 listings including public companies, ETFs and Canadian Depositary Receipts (CDRs). There are more than 20 ETFs and 1,100 other investment products quoted on Cboe Australia, which also captures up to 40 percent of the Australian ETF daily trading volume. Additional information can be found at Cboe Australia.

About Cboe AustraliaCboe Australia is a regulated stock exchange committed to transforming, improving and growing Australia's securities and derivatives markets. Cboe Australia has experienced strong and sustained growth and has achieved significant milestones including gaining over 20 percent market share, a daily record of $5.98 billion traded value in equity trading and up to 40 percent of the Australian ETF market (trading and reporting). The Cboe Australia investment products platform offers a range of unique products exclusively traded on Cboe Australia, including Funds (ETFs and Quoted Managed Funds), and Cboe Warrants. For more information, visit www.cboe.com.au.

Media Contacts

 Analyst Contact

 Cboe U.S.

Angela Tu

Cboe Australia

Stephanie Duncan

Cboe U.S.

Kenneth Hill, CFA

+1 646-856-8734

+61 421-172-820

+1 312-786-7559

atu@cboe.com 

sduncan@cboe.com 

khill@cboe.com 

CBOE-CCBOE-OE

Cboe®, and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners. 

Cboe Global Markets, Inc. and its affiliates do not recommend or make any representation as to possible benefits from any securities, futures or investments, or third-party products or services. Cboe Global Markets, Inc. is not affiliated with iShares, MSCI, or BlackRock. Investors should undertake their own due diligence regarding their securities, futures and investment practices. This press release speaks only as of this date. Cboe disclaims any duty to update the information herein.

Nothing in this announcement should be considered a solicitation to buy or an offer to sell any securities or futures in any jurisdiction where the offer or solicitation would be unlawful under the laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Cboe Global Markets, Inc. and its affiliates, to the maximum extent permitted by applicable law, make no warranty, expressed or implied, including, without limitation, any warranties as of merchantability, fitness for a particular purpose, accuracy, completeness or timeliness, the results to be obtained by recipients of the products and services described herein, or as to the ability of the indices named in this press release to track the performance of the general market or any segment thereof, and shall not in any way be liable for any inaccuracies or errors. Cboe Global Markets, Inc. and its affiliates have not calculated, composed or determined the constituents or weightings of the securities that comprise the indices named in this press release and shall not in any way be liable for any inaccuracies or errors.

Cautionary Statements Regarding Forward-Looking Information This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. You can identify these statements by forward-looking words such as "may," "might," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," and the negative of these terms and other comparable terminology. All statements that reflect our expectations, assumptions or projections about the future other than statements of historical fact are forward-looking statements. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible to predict all risks and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Some factors that could cause actual results to differ include: the loss of our right to exclusively list and trade certain index options and futures products; economic, political and market conditions; compliance with legal and regulatory obligations; price competition and consolidation in our industry; decreases in trading or clearing volumes, market data fees or a shift in the mix of products traded on our exchanges; legislative or regulatory changes or changes in tax regimes; our ability to protect our systems and communication networks from security vulnerabilities and breaches; our ability to attract and retain skilled management and other personnel, including compensation inflation; increasing competition by foreign and domestic entities; our dependence on and exposure to risk from third parties; global expansion of operations; factors that impact the quality and integrity of our indices; our ability to manage our growth and strategic acquisitions or alliances effectively; our ability to operate our business without violating the intellectual property rights of others and the costs associated with protecting our intellectual property rights; our ability to minimize the risks, including our credit, counterparty, investment, and default risks, associated with operating a European clearinghouse; our ability to accommodate trading and clearing volume and transaction traffic, including significant increases, without failure or degradation of performance of our systems; misconduct by those who use our markets or our products or for whom we clear transactions; challenges to our use of open source software code; our ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; our ability to maintain BIDS Trading as an independently managed and operated trading venue, separate from and not integrated with our registered national securities exchanges; damage to our reputation; the ability of our compliance and risk management methods to effectively monitor and manage our risks; restrictions imposed by our debt obligations and our ability to make payments on or refinance our debt obligations; our ability to maintain an investment grade credit rating; impairment of our goodwill, long-lived assets, investments or intangible assets; the impacts of pandemics; the accuracy of our estimates and expectations; litigation risks and other liabilities; and operating a digital asset business and clearinghouse, including the expected benefits of our Cboe Digital acquisition, cybercrime, changes in digital asset regulation, losses due to digital asset custody, and fluctuations in digital asset prices. More detailed information about factors that may affect our actual results to differ may be found in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended December 31, 2022 and other filings made from time to time with the SEC.

We do not undertake, and we expressly disclaim, any duty to update any forward-looking statement whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

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Source: Cboe Global Markets, Inc.

Authors: PR Newswire

Read more https://www.prnasia.com/story/archive/4338521_AE38521_0

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