iShares Announces Changes to U.S. Fund Lineup
SAN FRANCISCO -- August 15, 2014
iShares, the Exchange Traded Funds (ETFs) business, the world’s largest
manager of ETFs, plans to close and liquidate the following funds based on
ongoing product reviews and client feedback and limited investor interest in
FEFN iShares MSCI Far East Financials ETF
EMFN iShares MSCI Emerging Markets Financials ETF
EMMT iShares MSCI Emerging Markets Materials ETF
RTL iShares Retail Real Estate Capped ETF
FNIO iShares Industrial/Office Real Estate Capped ETF
NUCL iShares Global Nuclear Energy ETF
NY iShares NYSE 100 ETF
NYC iShares NYSE Composite ETF
TZD iShares Target Date 2010 ETF
TZE iShares Target Date 2015 ETF
TZG iShares Target Date 2020 ETF
TZI iShares Target Date 2025 ETF
TZL iShares Target Date 2030 ETF
TZO iShares Target Date 2035 ETF
TZV iShares Target Date 2040 ETF
TZW iShares Target Date 2045 ETF
TZY iShares Target Date 2050 ETF
TGR iShares Target Date Retirement Income ETF
After the close of business on October 14, 2014, the funds will no longer
accept creation orders. Trading in the funds will be halted prior to market
open on October 15, 2014. Proceeds of the liquidation are currently scheduled
to be sent to shareholders on or about October 21, 2014. For more information,
please click here or call 1-800-iShares (1-800-474-2737).
BlackRock is a leader in investment management, risk management and advisory
services for institutional and retail clients worldwide. At June 30, 2014,
BlackRock’s AUM was $4.594 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
June 30, 2014, the firm had approximately 11,600 employees in more than 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 | Twitter: @blackrock_news | Blog: www.blackrockblog.com |
iShares 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 and trading flexibility. Investors can purchase and
sell shares 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 high net worth
Carefully consider the iShares Funds’ investment objectives, risk factors, and
charges and expenses before investing. This and other information can be found
in the Funds’ prospectuses, which may be obtained by calling 1-800-iShares
(1-800-474-2737) or by visiting www.iShares.com. Read the prospectus carefully
Investing involves risk, including possible loss of principal.
Transactions in shares of the iShares Funds will result in brokerage
commissions and will generate tax consequences. iShares Funds are obliged to
distribute portfolio gains to shareholders. Shares of the iShares Funds may be
sold throughout the day on the exchange through any brokerage account.
However, shares may only be redeemed directly from a Fund by Authorized
Participants, in very large creation/redemption units.
The iShares Funds are distributed by BlackRock Investments, LLC (together with
its affiliates, “BlackRock”).
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by
MSCI Inc. or New York Stock Exchange, Inc. Neither of these companies make any
representation regarding the advisability of investing in the Funds. BlackRock
is not affiliated with the companies listed above.
©2014 BlackRock. All rights reserved. iSHARES and BLACKROCK are registered
trademarks of BlackRock. All other marks are those of their respective owners.
Christine Hudacko, 415-670-2687
Melissa Garville, 212-810-5528
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