BlackRock Asset Management International says the iShares S&P GSCI Commodity-Indexed Trust is expected to resume creation of new shares on 27 April.
The trust is listed and trades on NYSE Arca under the symbol GSG.
Creation of new shares of the trust has been suspended since 24 August 2009.
“We are pleased to resume the creation of new shares in the iShares S&P GSCI Commodity-Indexed Trust in an effort to satisfy demand,” says Michael Latham, head of US iShares, BlackRock. “We continue to pursue additional steps we could take to avoid the need to close the trust to new creation orders again in the future.”
The shares are currently trading at a premium to the net asset value of the trust. BlackRock cannot predict what effect, if any, the resumption of creation activity will have on the price of the shares on NYSE Arca. It is possible that the resumption of creation activity, even on a limited basis, could reduce or remove any premium over NAV.
The trust seeks to track the S&P GSCI Total Return Index.