BlackRock Canada announces planned ETF terminations

The process is part of an ongoing review of its product lineup

BlackRock Canada announces planned ETF terminations
BlackRock Canada has announced plans to terminate six funds from its iShares lineup.

The funds are to be scrapped as part of an ongoing review of the lineup to meet the evolving needs of clients. The funds are set to be terminated on or about September 27.

Below are the funds for termination, along with their respective ticker symbols on the TSX:
 
Fund Name Ticker
iShares Conservative Core Portfolio Builder Fund XCR
iShares Growth Core Portfolio Builder Fund XGR
iShares Global Completion Portfolio Builder Fund XGC
iShares Alternatives Completion Portfolio Builder Fund XAL
iShares MSCI Brazil Index ETF XBZ
iShares BRIC Index ETF CBQ, CBQ.A

The firm expects that the units of the funds will cease trading on the TSX and be delisted on or about September 20. Assets of the terminating funds will be liquidated in connection with the termination. As soon as practicable and after all liabilities and obligations have been provided for, the liquidated proceeds will be distributed pro rata among unitholders of record on the termination date.

An additional press release will be issued on or about the termination date to confirm final details of the terminations.


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