BlackRock’s exchange-traded funds business is to launch a range of ETFs that will allow investors to access an index which has been re-weighted by factors other than market capitalisation, marking the first time the fund giant has offered this product in Europe.

iShares has chosen MSCI as the index provider to provide the underlying benchmark indices for the ETFs, re-weighted by factors such as momentum, quality, size and value. BlackRock's ETF business currently offers a similar range in the US.