NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE:BLK) announces that, as at May 29, 2015, the iShares MSCI India ETF (INDA) has graduated from the BATS Exchange, Inc. (“BATS”) Competitive Liquidity Provider (“CLP”) Program, having established consolidated average daily volume (CADV) of more than 1 million shares for three consecutive months.
A large India-focused ETF with $3.8bn AUM*, INDA has seen increased trading volumes and significant year-to-date in-flows of $1.7bn as investors have sought efficient and low cost access to the Indian equity market. The first iShares ETF to graduate from the BATS CLP Program, INDA will remain listed on BATS.
The BATS CLP Program is a rewards-based program designed to encourage quoting activity for BATS-listed securities. The payment of a CLP Fee is intended to generate more quotes and trading than might otherwise exist absent this payment. Leaving the CLP Program may have a negative impact on the price and liquidity of INDA, which could adversely impact a purchaser’s subsequent sale of INDA.
A link to the BATS CLP Program can be found here.
Learn more at: http://www.ishares.com/us/products/liquidity-incentive-programs.
*as of 05/28/15
iShares is a global leader in exchange-traded funds (ETFs), with more than a decade of expertise and commitment to individual and institutional investors of all sizes. With over 700 funds globally across multiple asset classes and strategies and more than $1 trillion in assets under management as of March 31, 2015, iShares helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm**.
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2015, BlackRock’s AUM was $4.774 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 March 31, 2015, the firm had approximately 12,300 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 | LinkedIn: www.linkedin.com/company/blackrock
**Based on $4.77T in AUM as of 3/31/15.
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.
International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation and the possibility of substantial volatility due to adverse political, economic or other developments. These risks often are heightened for investments in emerging/developing markets and in concentrations of single countries.
Shares of the iShares Funds may be bought and sold throughout the day on the exchange through any brokerage account. Shares are not individually redeemable from the Fund, however, Shares may be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units.
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The iShares 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.
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