BlackRock Strengthens Thematic Equity Offering with U.S. Manufacturing ETF

Provides access to companies which could be poised to benefit from boost in U.S. manufacturing

Today, BlackRock expanded its thematic equity suite with the launch of the iShares U.S. Manufacturing ETF (NYSE: MADE). The Fund takes a targeted approach to investing in companies that may be at the forefront of the U.S. manufacturing renaissance, seeking to capture opportunities arising from various drivers, including recent policy initiatives that incentivize reshoring manufacturing activities.

“Evolving trade relations and a call for enhancing supply chain resiliency have paved the way for the concerted effort across the public and private sectors to reestablish the U.S. as a leader in manufacturing,” said Jay Jacobs, U.S. Head of Thematic and Active ETFs at BlackRock. “MADE is designed to capture these long-term themes by providing targeted access to companies that could be poised to benefit from supportive policies and secular trends, enabling investors to potentially capture the renaissance in American manufacturing in the convenience of an ETF.”

Policy efforts to increase domestic production have accelerated the growth story for U.S. manufacturers. For example, recent policies, such as the Infrastructure Investment and Jobs Act, the Inflation Reduction Act, and the Chips and Science Act, have already allocated $2.1 trillion to improve infrastructure and incentivize companies in critical industries, like semiconductors, to build factories in the U.S..¹

In addition to policy efforts, the rewiring of global supply chains for resilience could bolster continued growth among U.S. manufacturers. Since 2020, construction spending on U.S. manufacturing has nearly tripled from $78 billion to $234 billion as of May 2024,² demonstrating an accelerating effort to reestablish the U.S.’s production of goods from automobiles and chips to aerospace & defense equipment.

MADE is designed to invest in companies that could benefit from boost in manufacturing regardless of traditional sector classifications, encompassing companies directly involved in manufacturing across consumer cyclicals, technology, automotive, defense, and construction. MADE can be added to a portfolio either as differentiated exposure for traditional sectors like Industrials, or as a satellite exposure alongside other long term structural themes for portfolio diversification.

About iShares

iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1400+ exchange traded funds (ETFs) and $3.86 trillion in assets under management as of June 30, 2024, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock.

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.

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This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. This material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC, nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with S&P Dow Jones Indices LLC.

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¹ Deloitte, October 2022.

² Federal Reserve Economic Data, Jan 2020 – May 2024, as of May 2024.

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