FYI: BlackRock (NYSE: BLK) will change the fund names, underlying indexes and investment objectives for the iShares North American Tech ETF (IGM) and the iShares North American Tech-Software ETF (IGV), effective on or around December 24, 2018.
These changes are designed to help IGM and IGV more closely maintain existing constituent exposure and mitigate turnover risk following the Global Industry Classification Standard (GICS) revisions to the Information Technology (IT) Sector. The new indices seek to effectively track the methodology of the current underlying indices and retain constituents that have been reclassified to ineligible sub-industries due to the 2018 GICS Reclassification.
Regards,
Ted
https://www.businesswire.com/news/home/20181008005337/en/BlackRock-Announces-iShares-ETFs
