BlackRock has recently unveiled a new actively managed ETF that focuses on US large-cap growth stocks. The BlackRock Large Cap Growth ETF (BGRO US) is now available on Nasdaq with an expense ratio of 0.55%.
This ETF offers investors exposure to a high-conviction portfolio of US companies with strong growth characteristics and earnings power. The fund may also allocate up to 20% of its assets to international stocks.
Investment decisions for this ETF are based on a detailed analysis of valuation parameters, anticipated earnings growth rates, and potential returns on equity. As of June 6th, the portfolio is heavily weighted towards information technology stocks, with notable positions in companies like Nvidia, Microsoft, Amazon, Apple, Meta Platforms, and Visa.
Overall, the BlackRock Large Cap Growth ETF provides investors with a unique opportunity to gain exposure to US growth stocks in a style-pure portfolio.