iShares Flexible Equity Active ETF (BFLX)

The iShares Flexible Equity Active ETF (BFLX) is an actively managed equity fund from iShares, the exchange-traded fund arm of BlackRock.

As its name suggests, the fund gives its managers broad flexibility in building an equity portfolio. They can shift exposure across sectors, investment styles and company sizes, and potentially across regions, based on their research and views of market conditions, rather than tracking a fixed benchmark.

BlackRock generally combines fundamental analysis with risk management tools in managing such strategies. The fund's objective is long-term capital appreciation, and the full description of its investment universe and process is provided in the prospectus.