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iShares to close 15 equity and commodity ETFs

Posted on 30 September 2013

iShares has announced the closure of 15 equity and commodity exchange traded funds (ETFs) due to low investor demand for the funds. The group acquired Credit Suisse’s ETF business in July this year and has begun integrating its funds.
The funds include eight iShares funds and seven legacy Credit Suisse ETFs. The group said the combination of the two fund lines resulted in 10 identical exposures. iShares has harmonised the pricing for these to ensure holders in each range are treated equally………………………………………..Full Article: Source


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