Financial TV Host Plans High-Tech BlackRock ETF

(RTTNews) - BlackRock Inc. (BLK) launched iShares Exponential Technologies ETF (XT), a technology fund. The ETF was envisaged by Ric Edelman, chairman and CEO of Edelman Financial Services LLC, independent financial adviser, author and an award winning host of Radio and financial TV shows.

iShares, a division of BlackRock is one of the largest managers of ETFs. According to Investment News, BlackRock worked closely with a registered investment adviser, unlike moulding a product from customer feedback. Edelman's firm is planning to invest in the ETF on behalf of the clients.