ETF Landscape: Celebrating 10 Years of ETFs in Europe - BlackRock

ETF Landscape April 2010Celebrating 10 Years of ETFs in Europe from BlackRockFigure 20: Average expenses of ETFs versus open-end mutual funds in EuropeExposureExchange Traded Funds 1Average TER(bps)Alternative 25Commodities 44Country exposure Europe - equity 30Country exposure United States - equity 38Currency 30Emerging markets - equity 69European sector exposure - equity 35Eurozone sector exposure - equity 42Fixed income 17Global exposure - equity 49International - equity 56Inverse 41Leveraged 59Leveraged inverse 61Mixed 72Regional exposure Europe - equity 38Regional exposure Eurozone - equity 23Style - equity 37United States sector exposure - equity 52Total – equity ETFS 40Total – fixed income ETFS 17Total – all 35Open-end mutual funds 2Passive/indexed european equity 91Passive/indexed international equity 78Passive/indexed fixed income 49Actively managed european equity 180Actively managed international equity 176Actively managed fixed income 1001. As at end February 2010.2. Captured from Morningstar on 15 March 2010.Source: Morningstar, Global ETF Research and Implementation Strategy Team, BlackRock.This document is not an offer to buy or sell any security or to participate in any trading strategy. Please refer to important information and qualifications at the end of this material. 24