SAN FRANCISCO--(BUSINESS WIRE)--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 the funds.
|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.
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 individuals.
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 before investing.
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. iS-13234-0814