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BlackRock Introduces International Country Rotation Strategy to Active ETF Lineup
Business Wire (Wed, 4-Dec 8:30 AM ET)
The iShares International Country Rotation Active ETF (the "Fund") seeks long- term capital appreciation. The Fund invests in securities to provide dynamic exposure to developed and emerging markets countries. The Fund is managed as a rotation strategy, overweighting allocations to certain countries relative to the MSCI ACWI ex-US Index based on BFA's expectations regarding each country's future prospects. The Fund will dynamically adjust its allocations to different countries nominally on a monthly basis, but may trade at a higher or lower frequency depending on the market environment, liquidity needs, and the discretion of Fund management. The Fund relies on proprietary quantitative models as well as fundamental views that BFA believes may not be captured by the quantitative models. The Fund invests primarily in developed and emerging markets other than the United States, but the Fund may invest up to 20% of its total assets in the securities of issuers located in the United States, either through affiliated equity index ETFs or derivatives that provide investment exposure to U.S. issuers.
iShares International Country Rotation Active ETF trades on the NASDAQ stock market under the symbol CORO.
As of January 3, 2025, CORO stock price climbed to $23.85 with 210 million shares trading.
CORO has a market cap of $5.72 million. This is considered a Sub-Micro Cap stock.
CORO support price is $23.56 and resistance is $23.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CORO shares will trade within this expected range on the day.