Blackrock Canada Announces Changes to Certain iShares Funds
March 24 2014 - 5:32PM
Marketwired Canada
(TSX:XBZ) (TSX:XCD) (TSX:XCH) (TSX:XEB) (TSX:XEC) (TSX:XEF)(TSX:XEM) (TSX:XGI)
(TSX:XHC) (TSX:XID) (TSX:XIG) (TSX:XIN) (TSX:XLA) (TSX:XMI) (TSX:XMM) (TSX:XMW)
(TSX:XPF)(TSX:XSP) (TSX:XSU) (TSX:XUS) (TSX:XWD)
BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect,
wholly owned subsidiary of BlackRock, Inc. (NYSE:BLK), has determined to make
certain changes to the investment strategy of iShares MSCI Brazil Index ETF
("XBZ"), iShares S&P Global Consumer Discretionary Index ETF (CAD-Hedged)
("XCD"), iShares China Index ETF ("XCH"), iShares J.P. Morgan USD Emerging
Markets Bond Index ETF (CAD-Hedged) ("XEB"), iShares MSCI Emerging Markets IMI
Index ETF ("XEC"), iShares MSCI EAFE IMI Index ETF ("XEF"), iShares MSCI
Emerging Markets Index ETF ("XEM"), iShares S&P Global Industrials Index ETF
(CAD-Hedged) ("XGI"), iShares Global Healthcare Index ETF (CAD-Hedged) ("XHC"),
iShares India Index ETF ("XID"), iShares U.S. IG Corporate Bond Index ETF
(CAD-Hedged) ("XIG"), iShares MSCI EAFE(R) Index ETF (CAD-Hedged) ("XIN"),
iShares Latin America Index ETF ("XLA"), iShares MSCI EAFE Minimum Volatility
Index ETF ("XMI"), iShares MSCI Emerging Markets Minimum Volatility Index ETF
("XMM"), iShares MSCI All Country World Minimum Volatility Index ETF ("XMW"),
iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) ("XPF"),
iShares S&P 500 Index ETF (CAD-Hedged) ("XSP"), iShares U.S. Small Cap Index ETF
(CAD-Hedged) ("XSU"), iShares S&P 500 Index ETF ("XUS") and iShares MSCI World
Index ETF ("XWD").
The investment strategy of the above-noted iShares funds (the "iShares Funds")
will now allow an iShares Fund to invest in securities of one or more iShares
exchange-traded funds managed by BlackRock Canada or an affiliate, and/or in
index securities of the applicable index that the iShares Fund seeks to
replicate, such that the resulting portfolio will have characteristics that
closely match the characteristics of such index. The investment strategy of each
of the iShares Funds was previously to invest primarily in shares of one or more
U.S. iShares funds managed by an affiliate of BlackRock Canada. The investment
objective of each iShares Fund remains unchanged. BlackRock Canada expects that
the new investment strategies outlined above will be effective March 24, 2014.
In addition, effective March 24, 2014, the names of certain of the iShares Funds
were changed in order to replace the word "Fund" with "ETF", while the names of
certain other iShares Funds were changed more significantly, as set out below.
----------------------------------------------------------------------------
Former Name New Name
----------------------------------------------------------------------------
iShares CNX Nifty India Index ETF iShares India Index ETF
----------------------------------------------------------------------------
iShares S&P Latin America 40 Index iShares Latin America Index ETF
Fund
----------------------------------------------------------------------------
iShares S&P Global Healthcare Index iShares Global Healthcare Index ETF
Fund (CAD-Hedged) (CAD-Hedged)
----------------------------------------------------------------------------
iShares Russell 2000(R) Index Fund iShares U.S. Small Cap Index ETF
(CAD-Hedged) (CAD-Hedged)
----------------------------------------------------------------------------
Further information on iShares funds can be found at www.iShares.ca.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory
services for institutional and retail clients worldwide. At December 31, 2013,
BlackRock's AUM was US$4.324 trillion. BlackRock helps clients meet their goals
and overcome challenges with a range of products that include separate accounts,
mutual funds, iShares(R) (exchange-traded funds), and other pooled investment
vehicles. BlackRock also offers risk management, advisory and enterprise
investment system services to a broad base of institutional investors through
BlackRock Solutions(R). Headquartered in New York City, as of December 31, 2013,
the firm has approximately 11,400 employees in 30 countries and a major presence
in key global markets, including North and South America, Europe, Asia,
Australia and the Middle East and Africa. For additional information, please
visit the Company's website at www.blackrock.com
About iShares(R) ETFs
The iShares business is a global product leader in exchange traded funds with
over 600 funds globally across equities, fixed income and commodities, which
trade on 20 exchanges worldwide. The iShares funds are bought and sold like
common stocks on securities exchanges. The iShares funds are attractive to many
individual and institutional investors and financial intermediaries because of
their relative low cost, tax efficiency and trading flexibility. Investors can
purchase and sell securities through any brokerage firm, financial advisor, or
online broker, and hold the funds in any type of brokerage account. The iShares
customer base consists of the institutional segment of pension plans and fund
managers, as well as the retail segment of financial advisors and individual
investors.
iShares(R) Funds are managed by BlackRock Asset Management Canada Limited.
Commissions, trailing commissions, management fees and expenses all may be
associated with investing in iShares Funds. Please read the relevant prospectus
before investing. The funds are not guaranteed, their values change frequently
and past performance may not be repeated. Tax, investment and all other
decisions should be made, as appropriate, only with guidance from a qualified
professional.
(C) 2014 BlackRock Asset Management Canada Limited. All rights reserved.
iSHARES(R) and BLACKROCK(R) are registered trademarks of BlackRock, Inc., or its
subsidiaries in the United States and elsewhere. Used with permission.
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact for Media:
Maeve Hannigan
Veritas Communications
416 955-4570
C - 647-618-8621
hannigan@veritasinc.com
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