BlackRock announces closures to US iShares ETFs

Jun 18th, 2018 | By | Category: ETF and Index News

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Following a review of its product lineup, BlackRock plans to close and liquidate sixteen US-listed iShares ETFs.

Investors ditch US equity ETPs in February amid market sell-off, finds BlackRock

BlackRock has announced closures to sixteen US iShares ETFs

After the close of business on 15 August 2018, the funds concerned will no longer accept creation orders.

Trading will be suspended prior to market open on 16 August 2018.

The funds have failed to attract significant assets under management.

The smallest fund (HHYX) set for closure has just $1.4m in AUM and the largest (HEFV), $16.7m.

The funds were launched in 2015 and 2016, and are mostly (15 out of 16) equity funds, all of which are linked to MSCI indices.

The one fixed income fund is linked to a Markit iBoxx index.

Funds closing:

iShares Currency Hedged MSCI Europe Small-Cap ETF (HEUS US)
iShares Currency Hedged MSCI ACWI ETF (HACW US)
iShares Edge MSCI Min Vol Europe Currency Hedged ETF (HEUV US)
iShares Edge MSCI Min Vol Global Currency Hedged ETF (HACV US)
iShares Edge MSCI Min Vol EM Currency Hedged ETF (HEMV US)
iShares Edge MSCI Min Vol EAFE Currency Hedged ETF (HEFV US)
iShares Edge MSCI Multifactor Consumer Staples ETF (CNSF US)
iShares Edge MSCI Multifactor Utilities ETF (UTLF US)
iShares Edge MSCI Multifactor Energy ETF (ERGF US)
iShares Edge MSCI Multifactor Consumer Discretionary ETF (CNDF US)
iShares Edge MSCI Multifactor Industrials ETF (INDF US)
iShares Edge MSCI Multifactor Materials ETF (MATF US)
iShares Edge MSCI Multifactor Financials ETF (FNCF US)
iShares Edge MSCI Multifactor Technology ETF (TCHF US)
iShares Edge MSCI Multifactor Healthcare ETF (HCRF US)
iShares Currency Hedged International High Yield Bond ETF (HHYX US)

The funds are listed across NYSE Arca and Cboe exchanges.

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