* CI breaks up Castlerock.
* BlackRock to switch iShares Emerging Markets index.
* Fund Library’s new ETF search engine.
CI breaks up Castlerock. Fund factory CI Investments Inc. says it is discontinuing its Castlerock brand of funds effective July 26, 2012. CI acquired the Castlerock funds as part of its takeover of Hartford Investments Canada Inc. in 2010. The Castlerock funds will be merged or renamed as other CI-branded funds. In addition, a number of other CI funds will be merged and renamed. Here’s the rundown:
CI fund mergers
CI fund name changes
BlackRock to switch iShares Emerging Markets index. Effective July 1, 2012, BlackRock Investments Canada Inc. plans to change the underlying index for its iShares Broad Emerging Markets Fund (TSX: CWO). By switching to tracking the FTSE RAFI Emerging Markets Index from the MSCI Emerging Markets Index, BlackRock says the fund “will now benefit from an index methodology that takes account of total cash dividends, free cash flow, total sales, and book value when establishing the weight of a given company in the index.”
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