iShares Eclipses $500 Billion in Assets Under Management: Leading ETF Firm Celebrates 10th Anniversary While Achieving Asset Gathering Milestone
San Francisco, CA, April 14, 2010—BlackRock, Inc. (NYSE: BLK) today announced its Exchange Traded Fund (ETF) business, iShares®, has reached global Assets under Management (AUM) of US$ 509 billion as of March 31, 2010. This is a significant milestone for the business that continues to drive the ETF industry’s rapid growth and accounts for nearly half of the industry’s total assets under management.
iShares, celebrating its 10-year anniversary this year, was founded in 2000 and has grown to be a leading fund family and has significantly impacted the financial services landscape and how investors view and utilize funds. Today, retail and professional investors use iShares ETFs to access broad and specific segments of the market and they continue to be attracted to the benefits that include tradability, transparency, diversification and cost- and tax-efficiency. This new milestone follows a strong 2009 for iShares and ETFs as they pushed further into the investing mainstream.
"iShares ETFs have significantly impacted the way people invest by providing investors with access and liquidity to markets around the world, and achieving this $500 billion AUM milestone greatly validates the acceptance of iShares ETF offerings," said Michael Latham, Head of US iShares. "iShares continues to help drive global ETF industry growth by educating financial intermediaries and the investing public about iShares as core investments, continuing the development of innovative, solutions-oriented products and expanding the availability of iShares via 401(k) and other platforms."
iShares has 434 ETFs globally as of March 31, 2010. iShares U.S. has 201 funds with US$409 billion AUM and iShares Europe has 172 ETFs with US$100 billion AUM.
About BlackRock: BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At December 31, 2009, BlackRock’s AUM was $3.346 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® exchange traded funds, and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of December 31, 2009, the firm has approximately 8,500 full-time employees in 24 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com
About iShares: iShares is the global product leader in exchange traded funds with over 400 funds globally across equities, fixed income and commodities, which trade on 16 exchanges worldwide. The iShares Funds are 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 relative 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. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.
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.
Investing involves risk, including possible loss of principal. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. iShares Funds are obliged to distribute portfolio gains to shareholders. Shares of the iShares Funds may be sold throughout the day on the exchange through any brokerage account. However, shares may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units.
There can be no assurance that an active trading market for such shares will develop or be maintained.
Diversification may not protect against market risk.
The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. ("SEI"). BlackRock Fund Advisors ("BFA") serves as the investment advisor to the Funds. BlackRock Fund Distribution Company ("BFDC") assists in the marketing of the Funds. BFA and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.
©2010 BlackRock Institutional Trust Company, N.A. iShares® is a registered trademark of BlackRock Institutional Trust Company, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.
* Not FDIC Insured * No Bank, State or Federal Guarantee * May Lose Value
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