NEW YORK--(BUSINESS WIRE)--
As of December 9, 2014, iShares MSCI ACWI Low Carbon Target ETF (CRBN)
began participating in the NYSE Arca ETP Program on its listing market,
NYSE Arca.
As described in NYSE Arca Equities Rule 8.800, the NYSE Arca ETP
Incentive Program is designed to incentivize Market Makers to undertake
Lead Market Maker( “LMM”) assignment in exchange-traded products
(“ETPs”) listed on NYSE Arca. As a participant in the NYSE Arca ETP
Incentive Program, BlackRock will continue to pay the applicable NYSE
Arca Listing and Annual fees in addition to an Option Incentive Fee,
which would range from $10,000 to $40,000 per year and will in turn be
paid by NYSE Arca to the LMM assigned to CRBN.
While the impact of participation in the NYSE Arca ETP Incentive
Program, which is optional, cannot be fully understood until objective
observations can be made in the context of the NYSE Arca ETP Incentive
Program, potential impacts on the market quality of CRBN may result,
including with respect to the average spread and average quoted size for
CRBN.
A link to the NYSE Arca ETP Incentive Program rule can be found here.
A link to the SEC’s approval of NYSE Arca’s ETP Incentive Program can be
found here.
Information regarding ETPs participating in the NYSE Arca ETP Incentive
Program, the assigned LMMs and the amount of the Optional Incentive Fee
for each ETP, including for CRBN, can be found at here.
Questions regarding the NYSE Arca ETP Incentive Program should be
directed to etf@nyx.com.
Questions regarding the participation of CRBN in the NYSE Arca ETP
Incentive Program should be directed to USiSharesCapitalMarkets@blackrock.com.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
September 30, 2014, BlackRock’s AUM was $4.525 trillion. BlackRock helps
clients meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City, as of
September 30, 2014, the firm had approximately 12,100 employees in more
than 30 countries and a major presence in key global markets, including
North and South America, Europe, Asia, Australia and the Middle East and
Africa. For additional information, please visit the Company’s website
at www.blackrock.com
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About iShares
iShares is a global leader in exchange-traded funds (ETFs), with more
than a decade of expertise and commitment to individual and
institutional investors of all sizes. With over 700 funds globally
across multiple asset classes and strategies and more than $1 trillion
in assets under management as of September 30, 2014, iShares helps
clients around the world build the core of their portfolios, meet
specific investment goals and implement market views. 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 $4.525T in AUM as of 9/30/14.
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. Transactions
in shares of the iShares Funds will result in brokerage commissions and
will generate tax consequences. iShares Funds are obliged to distribute
portfolio gains to shareholders. Shares of the iShares Funds may be sold
throughout the day on the exchange through any brokerage account.
However, shares may only be redeemed directly from a Fund by Authorized
Participants, in very large creation/redemption units.
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 and in concentrations of single countries.
The iShares MSCI ACWI Low Carbon Target ETF may not reflect a lower
carbon exposure as there is no guarantee that the underlying index will
achieve its intended results or accurately assess an issuer's actual and
potential carbon emissions.
The Funds are distributed by BlackRock Investments, LLC (together with
its affiliates, “BlackRock”).
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.
©2014 BlackRock. All rights reserved. iSHARES and BLACKROCK
are registered trademarks of BlackRock. All other marks are the property
of their respective owners.
BlackRock
Diane Henry, 415-670-4567
Diane.Henry@blackrock.com
Melissa
Garville, 212-810-5528
Melissa.Garville@blackrock.com
Source: BlackRock