Barclays Global Investors Announces Stock Split of Certain iShares® Funds
San Francisco - May 25, 2005 - Barclays Global Investors (BGI), a worldwide leader in exchange-traded funds, announced today that the Board of Directors of iShares, Inc. and the Board of Trustees of iShares Trust have authorized a three-for-one or two-for-one split of 12 iShares Funds (listed below) for shareholders of record on June 6, 2005, and payable on June 8, 2005. Fund shares will begin trading on a split-adjusted basis on June 9, 2005. The post-split shares will be distributed to shareholders' accounts on June 13, 2005, and shareholders will see the change in their holdings sometime after June 13th, depending upon their brokerage's procedures.
"We are pleased that the Board of Directors and Board of Trustees have authorized this first-ever stock split of iShares Funds," said Lee Kranefuss, CEO of BGI's Intermediary and ETF Business. "The total assets of the iShares fund family have grown 70% since April 30, 2004.(1) We believe that the split will allow investors easier access at a smaller initial investment to some more popular iShares Funds that have a relatively high share price."
The iShares® Funds are index funds whose shares may be bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relatively low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account.To determine if the fund(s) are an appropriate investment for you, carefully consider the funds' investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the funds' prospectuses, which may be obtained by calling 1-800-iShares or by visiting www.ishares.com. Read the prospectus carefully before investing.
Barclays Global Investors (BGI) is one of the world's largest asset managers(2) providing structured investment strategies such as risk-controlled active strategies and indexing. In the US, BGI is one of the largest active managers(3), set apart by its risk-controlled approach. BGI manages 65% of the world's 100 largest pension plans(4) and is the global leader in assets and products in the exchange traded funds through its iShares® brand with more than 120 ETFs. The firm managed over $1.3 trillion in assets as of 12/31/04, for more than 2,600 clients in 48 countries around the world. BGI is an innovator in investment management, applying science and technology to the investment process. BGI is owned by Barclays PLC, one of the world's leading global financial services providers.
1. Source: BGI data, May 20, 2005.
2. "P&I/Watson Wyatt World 500," Pensions & Investments, September 6, 2004.
3. Source: "Special Reports: Money Manager Directory," Pensions & Investments, May 31, 2004.
4. Source: "P&I/Watson Wyatt World's 250 Largest Retirement Plans," Pensions & Investments, December 27, 2004.
iShares are distributed by SEI Investments Distribution Co. (SEI). Barclays Global Fund Advisors (BGFA) serves as an advisor to iShares. Barclays Global Investor Services (BGIS) assists in the marketing of iShares. BGFA and BGIS are subsidiaries of Barclays Global Investors, N.A., none of which is affiliated with SEI.
Investing involves risk, including possible loss of principal.iShares transactions will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares are obliged to distribute portfolio gains to shareholders.
The iShares Funds are not sponsored, endorsed, or issued by Goldman Sachs & Co., nor are they sponsored, endorsed, issued, sold or promoted by Cohen & Steers Capital Management, Inc., Dow Jones & Company, Inc., Morgan Stanley Capital International, Frank Russell Company, or Standard and Poor's. None of these companies make any representation regarding the advisability of investing in the Funds.
©2005 Barclays Global Investors. All rights reserved. iShares is a registered trademark of Barclays Global Investors, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.
As of December 1, 2009, the former Barclays Global Investors entities referred to in this publication are owned and controlled ultimately by BlackRock Inc. and neither Barclays nor any Barclays affiliate is responsible for, or associated with, the contents of this publication.
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