BlackRock® Canada Announces Change in Index of the iShares MSCI USA Momentum Factor Index ETF
September 22 2020 - 5:10PM
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 December 1,
2020 the index that the iShares MSCI USA Momentum Factor Index ETF
(the “iShares ETF”) seeks to replicate will change as follows:
Current Index |
New Index |
MSCI USA Momentum Index |
MSCI USA Momentum SR Variant Index |
Both the Current Index and the New Index seek to
provide exposure to U.S. equity securities identified by MSCI, Inc.
(“MSCI”) as exhibiting positive momentum characteristics. The
Current Index and the New Index will generally invest in the same
equity securities. The Current Index and the New Index are
generally rebalanced semi-annually, but each month may be
rebalanced if the volatility of MSCI USA Index has increased above
a threshold specified by MSCI; however, the New Index will employ a
staggered implementation approach to index changes driven by a
rebalance, over a three-day period, as opposed to single-day
rebalancing.
Currently, the iShares ETF obtains its
investment exposure by investing in the iShares MSCI USA Momentum
Factor ETF (“MTUM”), a U.S.-listed index ETF. This change is being
made as a result of the announcement by MTUM that beginning on or
around December 1, 2020 it will track a new index, the MSCI USA
Momentum SR Variant Index, and will cease to track the MSCI USA
Momentum Index.
About
BlackRock
BlackRock’s purpose is to help more and more
people experience financial well-being. 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 June 30, 2020, the firm managed
approximately US$7.32 trillion in assets on behalf of investors
worldwide. For additional information on BlackRock, please visit
www.blackrock.com/corporate | Twitter: @BlackRockCA | Blog:
https://www.blackrockblog.com/ | 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 900+ exchange traded funds
(ETFs) and US$2.16 trillion in assets under management as of June
30, 2020, 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.
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.
MSCI is a trademark of MSCI, Inc. XMTM is
permitted to use the MSCI mark pursuant to a license agreement
between MSCI and BlackRock Institutional Trust Company, N.A.,
relating to, among other things, the license granted to BlackRock
Institutional Trust Company, N.A. to use the index. BlackRock
Institutional Trust Company, N.A. has sublicensed the use of this
trademark to BlackRock. XMTM is not sponsored, endorsed, sold or
promoted by MSCI and MSCI makes no representation, condition or
warranty regarding the advisability of investing in XMTM.
©2020 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.
1 Based on US$7.32 trillion in AUM as of 6/30/20
Contact for Media: Maeve Hannigan T –
416-643-4058
Email: Maeve.Hannigan@blackrock.com
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