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Blackrock Inc Completes Acquisition Of Credit Suisse's ETF Business


Monday, 1 Jul 2013 02:00am EDT 

Blackrock Inc announced that it has completed the acquisition of Credit Suisse's exchange traded funds (ETF) business, in a move that extends BlackRock's footprint in Switzerland and brings a broader range of opportunities to Swiss investors through BlackRock's ETF platform iShares. The acquisition complements the existing iShares ETF range with funds domiciled in Switzerland, Ireland and Luxembourg. As of today, the combined firm will operate under the iShares name. All 58 of Credit Suisse's ETFs will be re-branded and re-named and begin trading as iShares ETFs on the exchanges where such funds are listed. ISIN codes and identifiers will remain un-changed. 

Company Quote

324.72
3.17 +0.99%
20 Aug 2014