SYS-CON MEDIA Authors: ITinvolve Blog, Vormetric Blog, Jason Bloomberg, Liz McMillan, Pat Romanski

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
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial C...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
Log data provides the most granular view into what is happening across your systems, applications, and end users. Logs can show you where the issues are in real-time, and provide a historical trending view over time. Logs give you the whole picture. Logentries, a log management and analytics service built for the cloud, has announced a new integration with Slack, the team communication platform, to enable real-time system and application monitoring. Users of both services can now receive real-...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
At 15th Cloud Expo, Shrikant Pattathil, Executive Vice President at Harbinger Systems, demos a video delivery platform that helps you do interactive videos. He discusses how Harbinger is accomplishing it in the cloud world, the problems they faced and the choices they made to get around these problems.
“Will Jaya is a direct source for server integration and storage solutions. If you are looking for any specific configurations for a project we can help you configure based on your needs and requirements," explained Netty Goya, CEO of Will Jaya, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
“The year of the cloud – we have no idea when it's really happening but we think it's happening now. For those technology providers like Zentera that are helping enterprises move to the cloud - it's been fun to watch," noted Mike Loftus, VP Product Management and Marketing at Zentera Systems, in this SYS-CON.tv interview at Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
IoT is still a vague buzzword for many people. In his session at @ThingsExpo, Mike Kavis, Vice President & Principal Cloud Architect at Cloud Technology Partners, discussed the business value of IoT that goes far beyond the general public's perception that IoT is all about wearables and home consumer services. He also discussed how IoT is perceived by investors and how venture capitalist access this space. Other topics discussed were barriers to success, what is new, what is old, and what th...
Dale Kim is the Director of Industry Solutions at MapR. His background includes a variety of technical and management roles at information technology companies. While his experience includes work with relational databases, much of his career pertains to non-relational data in the areas of search, content management, and NoSQL, and includes senior roles in technical marketing, sales engineering, and support engineering. Dale holds an MBA from Santa Clara University, and a BA in Computer Science f...
The Internet of Things (IoT) is rapidly in the process of breaking from its heretofore relatively obscure enterprise applications (such as plant floor control and supply chain management) and going mainstream into the consumer space. More and more creative folks are interconnecting everyday products such as household items, mobile devices, appliances and cars, and unleashing new and imaginative scenarios. We are seeing a lot of excitement around applications in home automation, personal fitness,...
Entuity®, a provider of enterprise-class network management solutions, today announced that it solidifies its position as a market leader through global enterprise customer acquisitions and a refined channel strategy. In 2014, Entuity increased new license revenues in EMEA by over 75 percent, and LATAM by over 125 percent as customers embraced Entuity for its highly automated solution and unified architecture. Entuity’s refined channel strategy focuses on even deeper strategic alignment with ke...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Cloud Technology Partners on Wednesday announced it has been recognized by the Modern Infrastructure Impact Awards as one of the Best Amazon Web Services (AWS) Consulting Partners. Selected by the editors of TechTarget's SearchDataCenter.com, and by votes from customers and strategic channel partners, the companies acknowledged by the Modern Infrastructure Impact Awards represent the top providers of cloud consulting services for AWS including application migration, application development, inf...