BlackRock (NYSE: BLK) will change the fund names, underlying indexes and investment objectives for the iShares North American Tech ETF (IGM) and the iShares North American Tech-Software ETF (IGV), effective on or around December 24, 2018.
These changes are designed to help IGM and IGV more closely maintain existing constituent exposure and mitigate turnover risk following the Global Industry Classification Standard (GICS) revisions to the Information Technology (IT) Sector. The new indices seek to effectively track the methodology of the current underlying indices and retain constituents that have been reclassified to ineligible sub-industries due to the 2018 GICS Reclassification.
iShares North American Tech ETF (IGM) | ||||||||||||
| IGM | Fund Name | Index Name | Investment Objective | |||||||||
| Current: |
iShares North |
S&P North American |
The iShares North American Tech ETF seeks to track the | |||||||||
| New: |
iShares |
S&P North American |
The iShares Expanded Tech Sector ETF seeks to track the | |||||||||
iShares North American Tech-Software ETF (IGV) | ||||||||||||
| IGV | Fund Name | Index Name | Investment Objective | |||||||||
| Current: |
iShares North |
S&P North American |
The iShares North American Tech-Software ETF seeks to | |||||||||
| New: |
iShares |
S&P North American |
The iShares Expanded Tech-Software Sector ETF seeks to | |||||||||
Current shareholders in the above mentioned funds are not required to take any actions as a result of these changes.
For more information, please call 1-800-iShares (1-800-474-2737).
About BlackRock
BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of June 30, 2018, the firm managed approximately $6.3 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: 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 800+ exchange traded funds (ETFs) and $1.8 trillion in assets under management as of June 30, 2018. 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 $6.3 trillion in AUM as of 6/30/18
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.
The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
Funds that concentrate investments in specific industries, sectors, markets or asset classes may underperform or be more volatile than other industries, sectors, markets or asset classes and then the general securities market.
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC, nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with S&P Dow Jones Indices LLC.
©2018 BlackRock. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock. All other marks are the property of their respective owners.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181008005337/en/
Contacts:
Matt Kobussen
646-231-0599
Matt.Kobussen@blackrock.com
