BlackRock Announces Product Updates
In the
Fund |
Last Trading Date |
Liquidation Date 3 |
BlackRock Future Climate and Sustainable Economy ETF
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BlackRock Future Tech ETF (NYSE: BTEK) |
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N/A |
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TempFund4 |
N/A |
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N/A |
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N/A |
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N/A |
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N/A |
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iShares Currency Hedged MSCI Germany ETF (Nasdaq: HWEG) |
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iShares Frontier and Select EM ETF (NYSE: FM) |
See below |
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iShares Gold Strategy ETF (Cboe: IAUF) |
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iShares International Developed Property ETF (NYSE: WPS) |
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iShares MSCI International Size Factor ETF (NYSE: ISZE) |
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iShares |
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BlackRock continues to expand its active ETF platform, managing
As described in the prospectuses, investors will incur management fees until the liquidations are complete. In addition to the management fee, investors who opt to sell an ETF will bear the usual transaction and commissions costs in the secondary market. In both cases, investors may see a capital gain or loss on their investment.
iShares Frontier and Select EM ETF
BlackRock has also announced the liquidation of the iShares Frontier and Select EM ETF (NYSE: FM). Over the past 12 years since the fund's inception, BlackRock has provided investors access to new and expanding corners of the capital markets, and several of these frontier market countries have been elevated to emerging market status. Select portions of the remaining smaller universe of frontier markets have experienced persistent liquidity challenges, and as a result, there will be an extended liquidation period for the fund.
BlackRock currently expects that the fund will cease trading and no longer accept creation and redemption orders after market close on or around
Money Market Funds
The liquidations of TempFund, a series of BlackRock Liquidity Funds, and the
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate
About iShares
iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 1300+ exchange traded funds (ETFs) and
Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
This information should not be relied upon as research, investment advice, or a recommendation regarding any products, strategies, or any security in particular. This material is strictly for illustrative, educational, or informational purposes and is subject to change. This material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
The BlackRock Funds are not sponsored, endorsed, issued, sold or promoted by MSCI Inc., nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with MSCI Inc.
The iShares and BlackRock Funds are distributed by
©2024
1 BlackRock, as of
2 BlackRock, as of
3 Proceeds of the liquidation are scheduled to be sent to the shareholders on or around Liquidation Date.
4
5 BlackRock, as of June, 5, 2024
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MEDIA:
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Source: BlackRock