BlackRock Update on the iShares MSCI Russia ETF (ERUS)
Effective August 3, 2022, the iShares MSCI Russia ETF (ERUS) has
suspended the right of redemption of fund shares pursuant to an
exemptive order issued by the Securities and Exchange Commission on
August 3, 2022, in order to permit the fund to liquidate its
portfolio. On August 17, 2022, BlackRock will begin liquidating
ERUS by distributing its current liquid assets to shareholders,
less the amount of a reserve estimated to meet the fund’s expected
transaction costs associated with the liquidation.
Russia’s invasion of Ukraine has prompted a range of sanctions
and other capital controls that prevent BlackRock and other
non-Russian investors from buying and selling Russian securities.
As a result, ERUS’ current holdings of Russian equity securities
cannot immediately be liquidated. BlackRock cautions investors that
it is expected that the liquidation of the fund will take an
extended period of time if circumstances involving Russian
securities markets do not improve.
BlackRock expects that ERUS will remain in existence until at
least December 31, 2023, to allow the fund to sell the securities
and depositary receipts, if conditions permit; ERUS may be
terminated sooner if all of the Russian securities and depositary
receipts have been sold before that date (or they cease to
represent valid interests in their issuers). After December 31,
2023, the Fund may be terminated at any time, in the discretion of
the Fund’s Board of Directors, even if the Russian securities and
depositary receipts have not been sold. Due to the uncertainty
involved, there can be no assurance that shareholders would receive
any liquidating distribution relating to the Russian securities and
depositary receipts after the initial distribution described
Future updates regarding the status of the fund and its
liquidation will be published on the product’s webpage.
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, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate.
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 $2.78
trillion in assets under management as of June 30, 2022, iShares
continues to drive progress for the financial industry. iShares
funds are powered by the expert portfolio and risk management of
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
International investing involves risks, including risks related
to foreign currency, limited liquidity, less government regulation
and the possibility of substantial volatility due to adverse
political, economic or other developments. These risks often are
heightened for investments in emerging/developing markets or in
concentrations of single countries.
Buying and selling shares of ETFs may result in brokerage
The iShares Funds are not sponsored, endorsed, issued, sold or
promoted by MSCI Inc., nor does this company make any
representation regarding the advisability of investing in the
Funds. BlackRock is not affiliated with MSCI Inc.
Prepared by BlackRock Investments, LLC, member FINRA.
©2022 BlackRock, Inc. All rights reserved. iSHARES and
BLACKROCK are trademarks of BlackRock, Inc., or its
subsidiaries in the United States and elsewhere. All other marks
are the property of their respective owners.
version on businesswire.com: https://www.businesswire.com/news/home/20220803005961/en/
Soogyung Jordan Soogyung.Jordan@blackrock.com 646.276.5403
Gráfico Histórico do Ativo
De Set 2022 até Out 2022
Gráfico Histórico do Ativo
De Out 2021 até Out 2022