Business & Finance
Tue, May 11, 2010Mon, May 10, 2010Sun, May 9, 2010Sat, May 8, 2010Fri, May 7, 2010Thu, May 6, 2010Mon, January 11, 2010Sun, January 10, 2010Sat, January 9, 2010Fri, January 8, 2010Thu, January 7, 2010iShares Announces Launch of Three iShares MSCI Single Country Funds
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Published in Business and Finance on Friday, May 7th 2010 at 7:20 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
SAN FRANCISCO, CA--(Marketwire - May 7, 2010) - BlackRock, Inc. (
"Through the addition of these three iShares MSCI single country funds financial professionals, institutions and individuals will now have expanded access to a relatively liquid global market," said Michael Latham, US Head of iShares at BlackRock. "These funds give investors the opportunity to take greater advantage of global growth and to more precisely implement their investment strategies. The use of MSCI indices provide useful building blocks within the larger iShares MSCI-based international product set."
The iShares MSCI Ireland Capped Investable Market Index Fund (EIRL) provides exposure and access to Ireland, a developed market economy where unemployment and consumer spending are stabilizing(1). The Underlying Index is a free-float adjusted market capitalization weighted index designed to measure the performance of the top 99% of equity securities listed on stock exchanges in Ireland. The top three sectors of the Index (as of 3/31/10) are materials (25%), consumer staples (23%) and industrials (18%).
The iShares MSCI Indonesia Investable Market Index Fund (EIDO) provides exposure and access to the Indonesia, an emerging market economy with 2010 growth forecasts of 6.5%.(2). The Underlying Index is a free-float adjusted market capitalization weighted index designed to measure the performance of equity securities in the top 99 percent by market capitalization of equity securities listed on stock exchanges in Indonesia. The top three sectors of the index (as of 3/31/10) are financials (29%), energy (13%) and telecom (13%).
The iShares MSCI USA Index Fund (EUSA) broadens the existing suite of iShares US benchmarks. The Underlying Index is a market capitalization weighted index designed to measure the performance of equity securities in the top 85 percent by market capitalization of equity securities listed on stock exchanges in the US. The top three sectors of the index (as of 3/31/10) are technology (19%), financials (16%) and healthcare (12%).
(1) SOURCE: Bank of Ireland Global Markets, "The Outlook," April 2010.
(2) SOURCE: Barclays Capital Emerging Markets Research, "The Emerging Markets Quarterly," March 2010.
About BlackRock
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At March 31, 2010, BlackRock's AUM was $3.364 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including 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, 2010, the firm has approximately 8,500 employees in 24 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
iShares is the global product leader in exchange traded funds with over 430 funds globally across equities, fixed income and commodities, which trade on 16 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 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 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. There can be no assurance that an active trading market for such shares will develop or be maintained.
In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country and narrowly focused investments may be subject to higher volatility.
This information is not intended to be a forecast of future events or a guarantee of future results.
The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. ("SEI"). BlackRock Fund Advisors ("BFA") serves as the investment advisor to the Funds. BlackRock Fund Distribution Company ("BFDC") assists in the marketing of the Funds. BFA and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.
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. Neither SEI, nor BlackRock Institutional Trust Company, N.A., nor any of their affiliates, are affiliated with the company listed above.
©2010 BlackRock Institutional Trust Company, N.A. iShares® is a registered trademark of BlackRock Institutional Trust Company, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.
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