BlackRock Launches USLN ETF To Open Up $1.4 Trillion Leveraged Loan Market
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BlackRock has launched the iShares Broad USD Floating Rate Loan ETF (USLN) to provide access to the $1.4 trillion U.S. leveraged loan market. This ETF aims to track the Morningstar LSTA US Leveraged Loan Broad Select Index and primarily invests in U.S. dollar-denominated senior secured leveraged loans. With a 0.40% net expense ratio, it expands BlackRock's credit ETF offerings and complements existing floating-rate strategies. BlackRock manages over $40 billion in leveraged loan assets and more than $5.7 trillion in ETF assets globally.
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