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07
Sat, Dec

ETF Canada
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CANADA 15iShares® extends line-up of fundamental indexing products .....


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          BlackRock Investments Canada Inc. (BlackRock Canada), an indirect, wholly owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced its intention to change the index which the iShares Broad Emerging Markets Fund (CWO) seeks to replicate.  
          “Updating CWO enables us to extend our existing line-up of fundamental indexing products,” said Mary Anne Wiley, Managing Director and Head of iShares at BlackRock Canada. “As the market leader, our goal is to continually broaden and deepen our product offering and provide our clients and investors even more choice. This change demonstrates our commitment to our series of fundamentally-weighted ETFs as a complement to our suite of market-cap offerings.
          Investors in CWO will now benefit from an index methodology that takes account of total cash dividends, free cash flow, total sales, and book value when establishing the weight of a given company in the index.”
          Effective on or about July 1, 2012, CWO will seek to replicate the performance of the FTSE RAFI Emerging Markets Index in accordance with CWO’s investment objective of providing investors with exposure to the return and performance, net of expenses, of an index selected by BlackRock Canada which measures the investment return of securities issued by companies domiciled or operating primarily in emerging market countries.
          The prospectus disclosure of CWO will be updated to reflect the index change.
          iShares’ current fundamentally-weighted indexing products include:
          •  iShares Broad Emerging Markets Fund (CWO)
          •  iShares Canadian Fundamental Index Fund (CRQ)
          •  iShares International Fundamental Index Fund (CIE)
          •  iShares US Fundamental Index Fund (CLU)
          •  iShares Japan Fundamental Index Fund (CAD-Hedged) (CJP)
           

          Source: ETFWorld - BlackRock Investments Canada Inc

          WMCR
          Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)