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LONDON - iShares V plc, a prominent exchange-traded fund (ETF) provider, has announced upcoming changes to the benchmark index of its iShares MSCI World Health Care Sector ESG UCITS ETF. The modifications to the MSCI World Healthcare ESG Reduced Carbon Select 20 35 Capped Index aim to adjust constraints on constituents relative to its parent index, which will help manage concentration risk and reduce turnover. These changes are set to take effect on February 28, 2025.
Investors holding shares in the ETF, which trades under the ISINs IE00BJ5JNZ06 and IE0009QS7W62, are expected to see the impact of these adjustments after the effective date. The company will also release a new version of its prospectus to reflect these changes around the same time.
The adjustments to the index are part of iShares' ongoing efforts to enhance the performance and risk management of its ETFs. By fine-tuning the index's constraints, iShares aims to offer a more stable and potentially more efficient investment vehicle for those interested in the healthcare sector, while still adhering to environmental, social, and governance (ESG) criteria.
iShares has made provisions for investors seeking more information about the changes. The company has provided contact information for its regional offices in the United Kingdom (TADAWUL:4280), Germany, and Switzerland, with dedicated email addresses and helpline telephone numbers for each location. This outreach ensures that investors can have their queries addressed promptly and by the appropriate iShares representatives.
The announcement comes as part of a routine disclosure by the company and is based on a press release statement. It reflects iShares' commitment to transparency and its efforts to keep investors informed about significant developments affecting its ETF products.
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