Recently magnetorheological fluids with nanosized magnetic ferrite particles have become available. Their composition, rheological and magnetic properties are described. A comparison with conventional MR fluids based on micron-sized particles is given. The yield stress of nano-MR fluids can be increased by a moderate magnetic field (0,2 T) by 4000 Pa. It can be modulated by the magnetic field with a response time of less than 5 ms. Details are given on the long term thermal stability at 150 degrees C, on flow properties at elevated temperatures and at high shear rates. Design principles for MR fluid actuator design are outlined.