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BlackRock to close and liquidate commodities ETF


BlackRock is to close and liquidate the iShares Commodity Optimised Trust ETF based on an ongoing review of its product lineup to ensure it meets the evolving needs of clients.

iShares Commodity Optimized Trust (CMDT) will no longer accept creation and redemption orders after market close (4:00 pm ET) on 10 October 2018. Trading in CMDT will be suspended prior to market open on 11 October 2018. Proceeds of the liquidation are currently scheduled to be sent to shareholders on 15 October 2018.
iShares offers broad-based commodities exposure through the iShares Bloomberg Roll Select Commodity Strategy ETF (CMDY). CMDY was launched in April 2018 to provide exposure, on a total return basis, to a diversified group of commodities including agriculture, energy and metals. CMDY is designed to simplify tax filings, as it does not require K-1 tax reporting.

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