BlackRock is set to close an emerging market debt (EMD) ETF and an Italian equity ETF as the firm continues to optimise its product range.
In a shareholder notice, BlackRock said the iShares J.P. Morgan € EM Bond UCITS ETF (EB3M) and the iShares FTSE Italia Mid-Small Cap UCITS ETF (IPIR) will both close on or around 21 August.
A spokesperson from BlackRock said: “Decisions about our product line-up are based on multiple considerations, including their fit within investment portfolios, product demand, investor feedback and other considerations.
“Fund closures are a part of the natural cycle of industry innovation and ensure the efficiency of our product platform as well as the broader listing ecosystem.”
Physically replicated, EB3M tracks the J.P. Morgan Euro EMBI Global Diversified index with a total expense ratio (TER) of 0.35%, while IPIR tracks the FTSE Italia Mid-Small Cap…
