SOURCE: BlackRock, Inc.

BlackRock, Inc.

September 23, 2010 09:15 ET

iShares MSCI Emerging Markets ETF Crosses the One Billion Shares Outstanding Milestone Providing Investors With Liquid Access to Emerging Markets

SAN FRANCISCO, CA--(Marketwire - September 23, 2010) -  BlackRock, Inc. (NYSE: BLK) today announced that the iShares MSCI Emerging Markets Index Fund (NYSE Arca: EEM) reached one billion shares outstanding and is the first iShares fund to reach that milestone during iShares ten-year history. The ETF has grown almost 20% in the past year with current assets under management of $44 billion and average daily trading volume of $2.8 billion.

"The iShares MSCI Emerging Markets Index Fund has more shares outstanding than any other ETF and is the first emerging markets ETF to reach one billion shares outstanding.1 Its growth underscores the broad utility investors continue to find using iShares products," said Noel Archard, Head of U.S. iShares Product at BlackRock. "Since the fund launched in 2003, EEM has provided institutional and retail investors and financial advisors with efficient and transparent access to emerging markets. The deep liquidity of EEM also results in low trading costs for all investors at all size trades, which can significantly lower total ETF costs."

"The iShares MSCI Emerging Markets Index Fund continues to be a preferred vehicle for accessing emerging market equity exposure. Many of our clients regularly trade EEM as it is seen to be a liquid and cost effective way to source emerging markets exposure," commented Robert Bernstone, Global Head of Index Sector Products and ETFs at Credit Suisse.

"MSCI is proud to have licensed our index to be used as the basis for such a successful product. We value our strong relationship with BlackRock and the long standing and widespread use of our indices throughout the iShares franchise," said Theodore Niggli, Managing Director at MSCI.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2010, BlackRock's AUM was $3.151 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 June 30, 2010, the firm has approximately 8,500 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

About iShares

iShares is the global product leader in exchange traded funds with over 430 funds globally across equities, fixed income and commodities, which trade on 16 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 Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

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. There can be no assurance that an active trading market for such shares will develop or be maintained.

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.

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by MSCI Inc., nor does this company make any representation regarding the advisability of investing in the Funds. Neither SEI, nor BlackRock Institutional Trust Company, N.A., nor any of their affiliates, are affiliated with the company listed above, nor are they affiliated with Credit Suisse.

© 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

1 Source: BlackRock and Bloomberg data, Sept. 21, 2010.