Welcome!

News Feed Item

Blackrock Canada Announces Changes to Certain iShares Funds

TORONTO, ONTARIO -- (Marketwired) -- 03/24/14 -- (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® 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® 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® (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®. 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® 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® 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.

© 2014 BlackRock Asset Management Canada Limited. All rights reserved. iSHARES® and BLACKROCK® are registered trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used with permission.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, discussed how VPaaS enables you to move fast, creating scalable video experiences that reach your aud...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...