Hobbs Wealth Management Takes Strategic Stake in BlackRock's CORO ETF

Hobbs Wealth Management disclosed a new investment in the iShares International Country Rotation Active ETF (CORO) during the first quarter of 2026. According to SEC filings, the firm acquired 222,431 shares, representing an estimated transaction value of approximately $7.3 million. This new position now accounts for roughly 7.1% of the firm's 13F reportable assets under management (AUM), establishing it as the fifth-largest holding in the fund's portfolio. The size of the allocation suggests a high level of conviction in the fund's active management approach. CORO, issued by BlackRock, utilizes a quantitative, rules-based strategy to rotate allocations across various international equity markets. Unlike passive indexing, this active rotation is designed to lean into regions showing strong momentum while reducing exposure to underperforming markets. The investment aligns with a broader institutional trend favoring developed markets, particularly in Japan and Europe. This shift is being driven by corporate governance reforms, pro-growth policies, and a softening U.S. dollar, which have enhanced the relative appeal of non-U.S. equities. Performance data underscores the appeal of the strategy; the ETF has posted a one-year return of nearly 43%. This figure represents an outperformance of the S&P 500 by approximately 14 percentage points over the same timeframe.