BlackRock iShares picks ICE Data Services
December 3, 2018

Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Data Services has been selected as the new benchmark provider for BlackRock's iShares US Preferred Stock ETF (PFF), which currently represents US$14.7 billion in assets under management.

ICE say this follows a successful transition in August 2018 of four iShares corporate bond ETFs, which had a combined $19 billion in assets under management, to indices compiled by ICE Data Services. It adds that PFF provides exposure to US preferred stocks, which have characteristics of both bonds and stocks, and provide income competitive with high-yield bonds.

Effective January 31, 2019, the fund will be benchmarked to the ICE Exchange-Listed Preferred & Hybrid Securities Transition Index and following a nine-month transition period it will be benchmarked to the ICE Exchange-Listed Preferred & Hybrid Securities Index.





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Intercontinental Exchange, a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced that ICE Data Services has been selected as the new benchmark provider for BlackRock's iShares US Preferred Stock ETF (PFF), which currently represents US$14.7 billion in assets under management.

ICE say this follows a successful transition in August 2018 of four iShares corporate bond ETFs, which had a combined $19 billion in assets under management, to indices compiled by ICE Data Services. It adds that PFF provides exposure to US preferred stocks, which have characteristics of both bonds and stocks, and provide income competitive with high-yield bonds.

Effective January 31, 2019, the fund will be benchmarked to the ICE Exchange-Listed Preferred & Hybrid Securities Transition Index and following a nine-month transition period it will be benchmarked to the ICE Exchange-Listed Preferred & Hybrid Securities Index.



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