BlackRock Supports Trading Halt of Its Russia-Tied ETF on U.S. Exchange
March 04 2022 - 7:57AM
Dow Jones News
By Kimberly Chin
BlackRock Inc. on Friday said that it supports the trading halt
of its iShares MSCI Russia exchange-traded fund by NYSE Arca, the
U.S. exchange for the listing and trading of ETFs.
The exchange moved to stop trading of the ETF, listed under the
ticker symbol ERUS, on Friday at 4 a.m. ET.
The asset-management giant said several factors, including the
fund's concentrated exposure to Russian equities, the closure of
the Russian stock market and MSCI's move to remove Russian
securities from its emerging-markets indexes, are reasons why
BlackRock backs NYSE Arca's decision.
BlackRock is "committed to protecting the best interests of its
ERUS shareholders," it said.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
March 04, 2022 07:42 ET (12:42 GMT)
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