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LONDON - iShares II plc announced that the MSCI USA Islamic Index, which its iShares MSCI USA Islamic UCITS ETF (EXCHANGE:IE00B296QM64) tracks, will undergo changes by the index provider Morgan Stanley (NYSE:MS) Capital International (MSCI). These modifications, aimed at improving diversification and managing concentration risk, involve applying issuer capping to the index constituents. The changes are scheduled to take effect on or around June 2, 2025.
Investors should expect a new version of the company’s prospectus to be published in conjunction with the effective date of the index adjustments. iShares II plc has indicated that an electronic copy of the shareholder letter will be available for inspection on the Financial Conduct Authority’s National Storage Mechanism website and for download from the iShares website.
The announcement underscores the ongoing efforts by financial institutions to manage risk and ensure compliance with investment mandates. The capping process by MSCI is part of these risk management strategies, aiming to prevent over-concentration in any single issuer within the index.
Investors with inquiries regarding the upcoming changes have been provided with contact information for iShares support in the United Kingdom (TADAWUL:4280), Germany, and Switzerland. The company has emphasized its readiness to address any questions from its investor base.
This news is based on a press release statement and serves to inform stakeholders of the impending adjustments to the iShares MSCI USA Islamic UCITS ETF and the availability of further details through the company’s official channels.
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