iShares Launches the iShares MSCI China Exchange Traded Fund
March 31 2011 - 9:37AM
Marketwired
BlackRock, Inc. (NYSE: BLK) today announced that its iShares®
Exchange Traded Funds (ETFs) business, the world's largest manager
of ETFs, is launching the iShares MSCI China Index Fund (NYSE Arca:
MCHI) on the NYSE Arca. iShares now offers 40 international single
country ETFs. The fund is the first China ETF to be benchmarked to
the large- and mid-cap MSCI universe, and provides exposure to the
top 85% of Chinese equities by market cap.
"The new iShares MSCI China Index Fund provides clients access
to one of the fastest growing economies in the world," said Noel
Archard, Head of US Product at iShares at BlackRock. "The fund
further complements our single country product suite, which has
seen significant activity over the past few months as investors
increasingly look to single country funds to express nuanced views
on global markets."
According to Russ Koesterich, iShares Global Chief Investment
Strategist at BlackRock, China is projected to continue to offer
attractive investment opportunities as it transitions from an
export- to consumption-based economy. China continues to be one of
the fastest growing economies in the world with an estimated growth
of 10.3% in 2010(1). Investors can combine MCHI with the iShares
MSCI China Small Cap Index Fund (NYSE Arca: ECNS), which began
trading in September 2010, to create comprehensive MSCI China
exposure.
The iShares MSCI China Index Fund is designed to track the MSCI
China Index. The underlying index is designed to measure the
performance of the top 85% of equity securities by market
capitalization in the Chinese equity markets. Securities are
weighted based on the total market value of their shares so that
securities with higher total market values generally have a higher
representation in the index. As of the end of February, the largest
sector weightings of the index include financials (37.0%), energy
(18.4%) and telecom (11.4%).
About BlackRock BlackRock is a leader in
investment management, risk management and advisory services for
institutional and retail clients worldwide. At December 31, 2010,
BlackRock's AUM was $3.561 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 December 31, 2010, the firm
has approximately 9,100 employees in 25 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 460 funds
globally across equities, fixed income and commodities, which trade
on 19 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.
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 typically exhibit
higher volatility.
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 not sponsored, endorsed, issued, sold or
promoted by MSCI Inc. This company does not 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.
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.
©2011 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. iS-4461-0311
* Not FDIC Insured * No Bank Guarantee * May
Lose Value
(1) CIA Factbook, as of 2/11
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