LONDON - iShares IV plc has announced a postponement in the benchmark index change for its iShares Edge MSCI USA Multifactor UCITS ETF, which was initially scheduled for November 26, 2024. The adjustment is now set to take place on or around January 16, 2025.
Investors were anticipating the shift in the benchmark index of the fund, which operates under ISINs IE00BG13YZ23 and IE00BZ0PKS76. However, the company has delayed the change, citing the need for further preparation. A revised version of the company's prospectus is expected to be published concurrently with the new effective date.
The delay in the benchmark transition may have implications for investors' strategies, as the benchmark index is a critical factor in the fund's performance tracking. The company has provided contact information for investor inquiries, ensuring that shareholders and interested parties have access to support during this transition period.
iShares IV plc, part of BlackRock (NYSE:BLK), is recognized for offering a range of exchange-traded funds (ETFs) catering to various investment strategies. The postponement of the benchmark index change reflects the company's commitment to ensuring a smooth transition for its investors.
The iShares Edge MSCI USA Multifactor UCITS ETF is designed to track the performance of an index composed of U.S. equities that exhibit certain fundamental characteristics. The multifactor approach aims to provide exposure to stocks with potential for improved risk-adjusted returns relative to the broader U.S. equity market.
Investors with questions regarding this update can reach out to iShares through their regional contacts. The information about this postponement is based on a press release statement provided by iShares IV plc.
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