BlackRock® Canada Announces Change in Index of the iShares S&P Global Consumer Discretionary Index ETF (CAD-Hedged)
July 03 2019 - 5:15PM
BlackRock Asset Management Canada Limited (BlackRock Canada), an
indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock)
(NYSE:BLK) today announces that effective on or about September 23,
2019, the index that the iShares S&P Global Consumer
Discretionary Index ETF (CAD-Hedged) (the “iShares ETF”) seeks to
replicate will change as follows:
Current Index |
New Index |
S&P Global 1200 Consumer Discretionary Canadian Dollar Hedged
Index |
S&P Global 1200 Consumer Discretionary (Sector) Capped CAD
Hedged Index |
Both the Current Index and the New Index seek to
provide CAD-hedged exposure to equity securities of companies that
S&P Dow Jones Indices LLC (“S&P”) deems to be a part of the
consumer discretionary sector of the economy and that S&P
believes are important to global markets. The Current Index and the
New Index will generally invest in the same equity securities.
Unlike the Current Index, the New Index uses a capping methodology
to limit the weight of the securities of any single constituent
issuer to a maximum of 10% of the New Index. Additionally, the
capping methodology limits the sum of the weights of the securities
of all issuers that individually constitute more than 5% of the
weight of the New Index to a maximum of 25% of the weight of the
New Index in the aggregate.
Currently, the iShares ETF obtains its
investment exposure by investing in the iShares Global Consumer
Discretionary ETF (“RXI”), a U.S.-listed index ETF. This
change is being made as a result of the announcement by RXI that
beginning on or around September 23, 2019 it will track a new
index, the S&P Global 1200 Consumer Discretionary (Sector)
Capped Index, and will cease to track the S&P Global 1200
Consumer Discretionary Sector Index.
About BlackRock
BlackRock helps investors build better financial
futures. As a fiduciary to investors and a leading provider
of financial technology, our clients turn to us for the solutions
they need when planning for their most important goals. As of
March 31, 2019, the firm managed approximately US$6.52 trillion in
assets on behalf of investors worldwide. For additional information
on BlackRock, please visit www.blackrock.com/ca | Twitter:
@BlackRockCA | Blog: www.blackrockblog.com/can | LinkedIn:
www.linkedin.com/company/blackrock.
About iShares
iShares® unlocks opportunity across markets to
meet the evolving needs of investors. With more than twenty years
of experience, a global line-up of 800+ exchange traded funds
(ETFs) and US$1.9 trillion in assets under management as of March
31, 2019, iShares continues to drive progress for the financial
industry. iShares funds are powered by the expert portfolio and
risk management of BlackRock, trusted to manage more money than any
other investment firm1.
1 Based on US$6.52 trillion in AUM as of
3/31/19
iShares ETFs are managed by BlackRock Asset
Management Canada Limited.
Commissions, trailing commissions, management
fees and expenses all may be associated with investing in iShares
ETFs. Please read the relevant prospectus before investing. The
funds are not guaranteed, their values change frequently and past
performance may not be repeated. Tax, investment and all other
decisions should be made, as appropriate, only with guidance from a
qualified professional.
Standard & Poor’s® and S&P® are
registered trademarks of Standard & Poor’s Financial Services
LLC (“S&P”). Dow Jones is a registered trademark of Dow Jones
Trademark Holdings LLC (“Dow Jones”). TSX is a registered trademark
of TSX Inc. (“TSX”). All of the foregoing trademarks have been
licensed to S&P Dow Jones Indices LLC and sublicensed for
certain purposes to BlackRock Fund Advisors (“BFA”), which in
turn has sub-licensed these marks to its affiliate, BlackRock Asset
Management Canada Limited (“BlackRock Canada”), on behalf of the
applicable fund. The Index is a product of S&P Dow Jones
Indices LLC, and has been licensed for use by BFA and by extension,
BlackRock Canada and the applicable fund. The fund is not
sponsored, endorsed, sold or promoted by S&P Dow Jones Indices
LLC, Dow Jones, S&P, any of their respective affiliates
(collectively known as “S&P Dow Jones Indices”) or TSX, or any
of their respective affiliates. Neither S&P Dow Jones Indices
nor TSX make any representations regarding the advisability of
investing in such a fund.
©2019 BlackRock Asset Management Canada Limited.
All rights reserved. iSHARES and
BLACKROCK are registered trademarks of BlackRock,
Inc., or its subsidiaries in the United States and elsewhere. Used
with Permission.
Contact for Media:Maeve
HanniganT –
416-643-4058
Email: Maeve.Hannigan@blackrock.com
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