Investment Products and Service Launches

BlackRock Moves Listing Venue for 50 iShares ETFs

BlackRock announced it will transition the primary listing venue for 50 iShares exchange-traded funds (ETFs) to Bats Global Markets, the global stock exchange operator based in Lenexa, Kansas.

“As we have stated previously, diversification is an important element of iShares listing strategy,” explains Samara Cohen, Americas head of iShares capital markets at BlackRock. “A thriving market for ETFs requires a robust, resilient ecosystem, with multiple participants committed to continuous innovation and improving the client experience.”

BlackRock says it maintains strong relationships with all major exchanges, and its “applauds NYSE ARCA, BATS and Nasdaq for their ongoing work to improve trading during all market conditions.”

The funds are scheduled to move on or about August 1, 2017.

For more information, visit BlackRock.com.

NEXT: Nuveen Enters Closed End Fund Merger

Nuveen Enters Closed End Fund Merger

Shareholders of the Diversified Real Asset Income Fund have approved the fund’s reorganization with and into the Nuveen Real Asset Income and Growth Fund.

Subject to the satisfaction of certain customary closing conditions, the reorganization is expected to become effective immediately before the open of business on September 11, 2017.

Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement.