BlackRock’s (NYSEArca: BLK) iShares unit, the world’s largest ETF issuer, said it will close and liquidate ten funds that make up the iShares All Country World Index (ACWI) ex-U.S. sector suite.
The announcement was made after the close of U.S. markets last Friday. iShares will close the 10 funds based on ongoing reviews, client feedback and limited interest in ex-U.S. sector strategies, according to a statement.
No creation orders will be accepted in the ETFs after the close of business March 25 while trading in the funds will be halted prior to the market open on March 26.
With over $12 million in assets under management, the iShares MSCI ACWI ex U.S. Healthcare ETF (NYSEArca: AXHE) is the largest of the iShares ETFs slated for closure.
Here is a full list of the iShares ETFs that will be closing.
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