BlackRock Removes iShares ETFs from Bats and NYSE Arca Pilot Liquidity Incentive Programs
June 28 2016 - 5:40PM
Business Wire
BlackRock (NYSE:BLK) is removing its iShares ETFs from the Bats
Competitive Liquidity Program (CLP) and the NYSE Arca ETP Incentive
Program.
Both pilot programs are aimed at improving market quality and
liquidity in less actively traded products. The decision to
withdraw iShares ETFs follows assessments conducted by each of
Bats, NYSE and iShares. The funds will be moving to the Lead Market
Maker (LMM) programs at Bats and NYSE.
The following funds will be leaving the Bats Competitive
Liquidity Program on July 1 2016:
iShares B – Ca Rated Corporate Bond ETF (QLTC)iShares Baa – Ba
Rated Corporate Bond ETF (QLTB)iShares Emerging Markets Corporate
Bond ETF (CEMB)iShares Emerging Markets High Yield Bond ETF
(EMHY)iShares Global ex USD High Yield Corporate Bond ETF
(HYXU)iShares Global High Yield Corporate Bond ETF (GHYG)iShares
Ultra Short-Term Bond ETF (ICSH)iShares Morningstar Multi-Asset
Income ETF (IYLD)iShares MSCI Denmark Capped ETF (EDEN)iShares MSCI
Finland Capped ETF (EFNL)iShares MSCI Germany Small-Cap ETF
(EWGS)iShares MSCI India Small-Cap ETF (SMIN)iShares MSCI Norway
Capped ETF (ENOR)iShares MSCI United Kingdom Small-Cap ETF
(EWUS)iShares Short Maturity Bond ETF (NEAR)iShares Convertible
Bond ETF (ICVT)iShares Short Maturity Municipal Bond ETF
(MEAR)iShares Edge U.S. Fixed Income Balanced Risk ETF
(FIBR)iShares MSCI Emerging Markets Horizon ETF (EMHZ)
The following funds will be leaving the NYSE Arca ETP Incentive
Program on July 1 2016:
iShares MSCI ACWI Low Carbon Target ETF (CRBN)iShares
Asia/Pacific Dividend ETF (DVYA)iShares Interest Rate Hedged High
Yield Bond ETF (HYGH)
Leaving the CLP program may have positive or negative effects on
the price and liquidity of the funds, which could affect investors'
purchases and sales. iShares works closely with all market
participants and partners to ensure products trade in the most
efficient way possible.
For more information on BlackRock’s participation in the
liquidity incentive programs, please visit
www.ishares.com/us/products/liquidity-incentive-programs.
About BlackRock
BlackRock is a global leader in investment management, risk
management and advisory services for institutional and retail
clients. At March 31, 2016, BlackRock’s AUM was $4.737 trillion.
BlackRock helps clients around the world 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®. As of
March 31, 2016, the firm had approximately 13,000 employees in more
than 30 countries and a major presence in 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
About iShares
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, 2016,
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.1
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.
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. There can be no assurance that an
active trading market for shares of an ETF will develop or be
maintained.
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., nor does this company make any
representation regarding the advisability of investing in the
Funds. BlackRock is not affiliated with MSCI Inc.
©2016 BlackRock. All rights reserved. iSHARES and
BLACKROCK are registered trademarks of BlackRock. All other
marks are the property of their respective own
1 Based on $4.737 trillion in AUM as of 3/31/16.
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version on businesswire.com: http://www.businesswire.com/news/home/20160628006665/en/
BlackRockMelissa Garville,
212-810-5528Melissa.Garville@blackrock.comorPaul Young,
212-810-8142Paul.Young@blackrock.com
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