1 BlackRock Investment Institute, Bloomberg, as of 12/11. Based on number of ETFs, AUM, and market share.
Visit , or contact your financial professional for a prospectus or summary prospectus, which includes investment objectives, risks, fees, expenses and other information that you should read and consider 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. The two main risks related to fixed income investing are interest rate risk and credit risk. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Credit risk refers to the possibility that the issuer of the bond will not be able to make principal and interest payments. A portion of a municipal bond fund’s income may be subject to federal or state income taxes or the alternative minimum tax. Investments in commodities may entail significant risks and can be significantly affected by events such as variations in the commodities markets, weather, disease, embargoes, international, political and economic developments, the success of exploration projects, tax and other government regulations, as well as other factors. Past performance does not guarantee future results. Diversification and asset allocation may not protect against market risk.
Transactions in shares of ETFs will result in brokerage commissions and will generate tax consequences. Mutual funds and ETFs are obliged to distribute portfolio gains to shareholders at year’s end. This material is not intended to be tax advice. The tax consequences of dividend distributions may vary by individual taxpayer. Please consult your tax professional or financial advisor for more information with regard to your specific situation.
The BlackRock mutual funds and iShares Funds are distributed by BlackRock Investments, LLC. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Dow Jones Trademark Holdings, LLC, Markit Indices Limited, Morningstar, Inc., MSCI Inc., Russell Investment Group, or Standard & Poor’s, nor are they sponsored, endorsed or issued by Barclays Capital Inc. None of these companies make any representation regarding the advisability of investing in the Fund. BlackRock is not affiliated with the companies listed above.
The opinions expressed are those of BlackRock as of February 2012 and are subject to change at any time due to changes in market or economic conditions. The comments should not be construed as a recommendation of any individual holdings or market sectors.
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