BLK · News · 20261022N
ETF Market Competition
BlackRock, Inc. · 2026-10-22 · Importance 34 · Surprise 42 · In source text
State Street and First Trust are pursuing regulatory steps to list international-index ETFs on the Tel Aviv Stock Exchange. Their expected entry would intensify competition with BlackRock and Invesco in Israel’s ETF market. The expansion could broaden products for Israeli retail investors while increasing pressure on management fees.
Key facts
- BlackRock Capital Allocation Term Trust (BCAT) completed a transferable rights offer that expired on October 21, 2026, setting a subscription price of $13.30 per common share and expected to generate approximately $43 million by issuing about 3.3 million new common shares, with BlackRock Advisors, LLC covering all offering expenses. source
- The iShares Morningstar Mid-Cap Value ETF (IMCV) is sponsored by BlackRock and has amassed assets over $1.20 billion; the fund was launched on June 28, 2004. source
- The iShares Nasdaq Top 30 Stocks ETF (QTOP) is sponsored by BlackRock, has amassed assets over $349.60 million, and was launched on October 24, 2024. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | committed | — | BlackRock Capital Allocation Term Trust (BCAT) completed a transferable rights offer that expired on October 21, 2026, setting a… |
| cash | negative | committed | — | BlackRock Capital Allocation Term Trust (BCAT) completed a transferable rights offer that expired on October 21, 2026, setting a… |