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LONDON - iShares II plc has announced that the MSCI Emerging Markets (EM) Islamic Index, tracked by the iShares MSCI EM Islamic UCITS ETF (ISIN:IE00B27YCP72), will undergo changes to its structure. In an effort to enhance diversification and manage concentration risk, the index provider MSCI will implement issuer capping on the constituents of the Index. These modifications are scheduled to take effect around June 2, 2025.
The Directors of iShares II plc, the company behind the exchange-traded fund (ETF), informed investors that a revised version of the company’s prospectus will be published to coincide with the changes. The updated prospectus will provide detailed information on the adjustments to the Index and will be available on or around the effective date of the changes.
The MSCI EM Islamic Index is designed to measure the performance of companies in emerging markets that comply with Islamic investment principles. The introduction of issuer capping is intended to prevent any single issuer from dominating the index, thus maintaining a balanced representation of the market.
Shareholders and interested investors will soon be able to access an electronic copy of the full shareholder letter, which will be posted on the Financial Conduct Authority’s National Storage Mechanism database and available for download from the iShares website.
iShares has also provided contact information for investors who may have questions regarding this update. Investors in the United Kingdom (TADAWUL:4280) or other regions can reach out to iShares via the provided email address or helpline telephone number. Separate contact details have been given for investors in Germany and Switzerland.
This adjustment to the index’s methodology is part of the ongoing updates that ETF providers and index compilers make to reflect changes in market dynamics and maintain the relevance and integrity of their financial products.
The information about these forthcoming changes is based on a press release statement issued by iShares II plc.
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