BlackRock changes benchmark on two EMD ETFs

Launched in June 2011, the $6.3bn iShares EM Local Govt Bond UCITS ETF, which tracked the Bloomberg Barclays Emerging Markets Local Currency Core Government Bond index, has been renamed iShares JP Morgan EM Local Govt Bond UCITS ETF as of 12 July. It has switched to the JP Morgan GBI-EM Global Diversified 10% Cap 1% Floor index, which will see Argentina and the Czech Republic added to the list of holdings, while the duration has moved from 5.3 years to 5.1 years. Why investors should not be put off by EM debt anomalies Meanwhile, the $274m iShares $ EM Corp Bond UCITS ETF, launched...