BlackRock Inc. (NYSE: BLK), the parent company of iShares, the world’s largest issuer of exchange traded funds, said it is closing several of its currency hedged ETFs as well as some minimum volatility and multi-factor funds.
The following iShares multi-factor sector ETFs are slated for closure:
- iShares Edge MSCI Multifactor Consumer Discretionary ETF (CBOE: CNDF)
- iShares Edge MSCI Multifactor Consumer Staples ETF (CBOE: CNSF)
- iShares Edge MSCI Multifactor Energy ETF (CBOE: ERGF)
- iShares Edge MSCI Multifactor Financials ETF (CBOE: FNCF)
- iShares Edge MSCI Multifactor Healthcare ETF (CBOE: HCRF)
- iShares Edge MSCI Multifactor Industrials ETF (CBOE: INDF)
- iShares Edge MSCI Multifactor Materials ETF (CBOE: MATF)
- iShares Edge MSCI Multifactor Technology ETF (CBOE: TCHF)
- iShares Edge MSCI Multifactor Utilities ETF (CBOE: UTLF)
The iShares Currency Hedged MSCI ACWI ETF (NYSEArca: HACW), iShares Currency Hedged MSCI Europe Small-Cap ETF (BATS: HEUS), iShares Currency Hedged MSCI ACWI Minimum Volatility ETF (BATS: HACV), iShares Currency Hedged MSCI EAFE Minimum Volatility ETF (BATS: HEFV) and the iShares Currency Hedged MSCI EM Minimum Volatility ETF (BATS: HEMV) are also slated for closure.
One fixed income ETF, the iShares Currency Hedged Global ex USD High Yield bond ETF (NYSEArca: HHYX), will also be closed.
“After the close of business on August 15, 2018 the funds will no longer accept creation orders. Trading in the funds will be suspended prior to market open on August 16, 2018,” according to a statement.
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