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Rating:BlackRock Shares a New Part of its ETF Strategy Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 26, 2010

BlackRock Shares a New Part of its ETF Strategy

Reported by Neil Anderson, Managing Editor

Fundsters interested in the investing side of the ETF business may want to check out today's news from iShares [see profile]. BlackRock revealed the creation of its new global iShares investment strategy group, led by its own Russ Koesterich as global chief investment strategist.

Koesterich will continue to lead the investment strategy team in BlackRock's scientific active equity group. (He joined that group in 2005.)

"The creation of the Global iShares Investment Strategy Group is a natural progression of our partnership with clients and our commitment to deliver to them the best services on top of the largest ETF offering," stated Michael Latham, global head of iShares, praising Koesterich for his "deep macro investment knowledge and a profound understanding of iShares."


Company Press Release

SAN FRANCISCO, CA--(October 26, 2010) - BlackRock, Inc. (NYSE: BLK) today announced that its iShares® Exchange Traded Funds (ETFs) business, the world's largest provider of ETFs, has created the Global iShares Investment Strategy Group and appointed Russ Koesterich as Global Chief Investment Strategist to lead the team. The creation of the investment strategy group and the position of a dedicated ETF Chief Investment Strategist is in response to strong interest from clients about ETF investment trends and insights.

"Clients are increasingly asking us our views on markets around the world in which iShares offers access and liquidity, and our expertise on how to manage portfolios in various market conditions," said Michael Latham, Global Head of iShares at BlackRock. "The creation of the Global iShares Investment Strategy Group is a natural progression of our partnership with clients and our commitment to deliver to them the best services on top of the largest ETF offering."

The Global iShares Investment Strategy Group will provide clients with insights on a variety of economic and investment topics, covering the asset classes, sectors and markets in which iShares offers access to investors. The group is a key component of the business' effort to offer an investment platform that includes not only the largest ETF product lineup in the market, but also high-quality investment expertise ranging from broad market insights to customized investment solutions. The group will work closely with the wider iShares research, product and client teams, as well as the larger BlackRock organization to leverage the large collection of investment professionals for the benefit of iShares clients.

Russ Koesterich is assuming the role of iShares Global Chief Investment Strategist, in addition to his duties as leading the Investment Strategy team within BlackRock's Scientific Active Equity Group. He has been in the Scientific Active Equity Group since 2005 where he had responsibilities ranging from portfolio management to product strategy. In 2008, Russ published The ETF Strategist, which focused on using ETFs to manage risk and return within a portfolio.

Latham said, "Russ combines deep macro investment knowledge with a profound understanding of iShares and the needs of our clients. He has played a leading role in driving investment strategy in our Scientific Active Equity division, and we are pleased to have him drive forward valuable thought leadership on behalf of iShares."

About BlackRock


BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At September 30, 2010, BlackRock's AUM was $3.446 trillion. BlackRock offers products that span the risk spectrum to meet clients' needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of September 30, 2010, the firm has approximately 8,900 employees in 24 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com.

About iShares


iShares is the global product leader in exchange traded funds with over 460 funds globally across equities, fixed income and commodities, which trade on 19 exchanges worldwide. The iShares Funds are bought and sold like common stocks on securities exchanges. The iShares Funds are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. The iShares customer base consists of the institutional segment of pension plans and fund managers, as well as the retail segment of financial advisors and high net worth individuals.

Carefully consider the funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the funds' prospectuses, which may be obtained by calling 1-800-iShares (1-800-474-2737) or by visiting www.iShares.com. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Transactions in shares of the iShares Funds will result in brokerage commissions and will generate tax consequences. iShares Funds are obliged to distribute portfolio gains to shareholders. Shares of the iShares Funds may be sold throughout the day on the exchange through any brokerage account. However, shares may only be redeemed directly from a Fund by Authorized Participants, in very large creation/redemption units.

The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. ("SEI"). BlackRock Fund Advisors ("BFA") serves as the investment advisor to the Funds. BlackRock Fund Distribution Company ("BFDC") assists in the marketing of the Funds. BFA and BFDC are affiliates of BlackRock, Inc., none of which is affiliated with SEI.

© 2010 BlackRock Institutional Trust Company, N.A. iShares® is a registered trademark of BlackRock Institutional Trust Company, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.

* Not FDIC Insured * No Bank Guarantee * May Lose Value 

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