Cash Management

Cash management

BlackRock is your trusted partner for cash and liquidity management, which are central to both business operations and portfolio management, enabling an enhanced yield profile while managing counterparty, credit, and liquidity risk.
Contact our cash management team Contact our cash management team

Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Your partner for cash and liquidity management

Entrust your cash with BlackRock, a counterparty focused exclusively on managing money on behalf of our clients – so your best interest is our only priority. Let’s work together to find the right combination of strategies that seek to deliver stability, liquidity and performance in your portfolio.

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Liquidity
Best-in-class access to liquidity, pricing and diversification to manage risk.
Binocular
Insight
Dedicated portfolio managers for disciplined portfolio and position-level management to seek to deliver performance.
Tools
Technology & analytics
Sophisticated analytics, insights, risk management and reporting powered by CachematrixTM by BlackRock and Aladdin.

Cash and liquidity solutions

BlackRock considers cash management a unique investment discipline requiring a distinct skill set for effective management. While our investment strategy is conservative by nature, we strive to deliver competitive, consistent returns over time.

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Money market strategies

Our liquidity strategies are designed to meet the cash management needs of institutional investors. They satisfy the most conservative investment policies by consistently focusing on high-quality investments and providing same-day liquidity with competitive yields.

Government
Government money market strategies invest in government securities or repurchase agreements that are collateralized by government securities.
Short-term credit
In addition to the government strategy these invest in securities issued by corporations, banks and other non-government entities.
Environmentally Aware
Following a similar strategy to the short-term credit, this fund range applies more environmental considerations and commitments.
Ultra-Short Bond
With a minimum recommended investment horizon of three months, these strategies offer potential for yield uplift whilst focusing on low volatility of capital and liquidity.

A Money Market Fund (MMF) is not a guaranteed investment vehicle. An investment in MMFs is different from an investment in deposits; the principal invested in an MMF is capable of fluctuation and the risk of loss of the principal is to be borne by the investor. The MMF does not rely on external support for guaranteeing the liquidity of the MMF or stabilising the NAV per share. Further information about the funds, including the methods used by the MMF to value the assets of the MMF and calculate the NAV, are available at blackrock.com/cash.

If a pooled fund solution does not meet your investment needs, please contact us to explore the potential for a bespoke separate account solution.

Exchange traded funds (ETFs)

When putting cash to work, investors should balance their needs for preservation of capital, income and liquidity. With attractive yields available in short-term bond markets, investors may consider using ETFs to add income and keep pace with inflation.

0-1 year Government bond ETF strategy
Exposure to government bonds with remaining maturities less than or equal to one year.
1-3-year government bond ETF strategy
Exposure to government bonds with remaining maturities less than or equal to three years.
Ultra-short maturity corporate bond ETF strategy
Exposure that seeks to provide income by investing in a broad range of ultra-short maturity investment grade corporate bonds.
Short maturity corporate bonds ETF strategy
Exposure that seeks to provide income by investing in a broad range of short maturity investment grade corporate bonds.
Floating-rate bond ETF strategy
Exposure to investment grade corporate floating rate bonds, whose interest payments adjust to reflect changes in interest rates.

Mutual funds

BlackRock’s Short Duration strategies employ a fundamental, diversified, and relative-value approach focused solely on the front end of the yield curve.

Actively managed portfolio of bonds
Active management can help investors navigate volatility, seeking to identify the 'winners' while avoiding exposure to potential 'losers' of the current market environment.
Yield advantage
Typically maintain a yield advantage over the index benchmark.
Relative value
A diversified relative value approach, rather than structural beta tilts, aim to add active performance through the market cycle, delivering attractive risk-adjusted returns.
Unconstrained solutions to complement traditional exposures
BlackRock’s unconstrained fixed income funds can flexibly manage duration, navigating periods of rising and falling interest rates to protect total returns.

Separately managed accounts

Unlike commingled mutual funds, separately managed accounts are segregated mandates comprised solely of one client’s assets. The investment strategy of the account is driven by the specific objectives and risk tolerance of the account owner, often dictated by their investment guidelines.

Contact us to discuss cash management solutions for your portfolio

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Capital at risk. Professional and Institutional Clients, and Professional, Institutional, Qualified and Wholesale Investors only.

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Cachematrix’s scale means you have access to dedicated relationship managers and a global support team.

Our extensive partnerships allow for seamless integrations

and straight-through processing

for a more holistic view of your cash portfolio across systems.

We support dozens1 of the world’s largest providers of money market funds and other liquidity solutions within the

Cachematrix ecosystem.

Cachematrix is trusted by financial institutions and thousands of customers worldwide for a reason:

We are investing in tomorrow’s technology, so you can invest confidently today.

Reimagine how you manage cash with Cachematrix by BlackRock.

Contact your BlackRock relationship manager to learn more.

RISK

Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Changes in the rates of exchange between currencies may cause the value of investments to diminish or increase. Fluctuation may be particularly marked in the case of a higher volatility fund and the value of an investment may fall suddenly and substantially. Levels and basis of taxation may change from time to time.

IMPORTANT INFORMATION

This material is for distribution to Professional Clients (as defined by the Financial Conduct Authority or MiFID Rules) only and should not be relied upon by any other persons.

In the UK and Non-European Economic Area (EEA) countries: this is Issued by BlackRock Investment Management (UK) Limited, authorized and regulated by the Financial Conduct Authority. Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Tel: + 44 (0)20 7743 3000. Registered in England and Wales No. 02020394. For your protection telephone calls are usually recorded. Please refer to the Financial Conduct Authority website for a list of authorized activities conducted by BlackRock.

In the European Economic Area (EEA): this is Issued by BlackRock (Netherlands) B.V. is authorized and regulated by the Netherlands Authority for the Financial Markets. Registered office Amstelplein1, 1096 HA, Amsterdam, Tel: 020 –549 5200, Tel: 31-20-549-5200. Trade Register No. 17068311 For your protection telephone calls are usually recorded.

For Existing investors in Canada, China, Colombia, Gibraltar, Guernsey, Isle of Man, Jersey, Malta, South Africa, and United States only: You have received this document because, according to our records, you are currently an existing CMB user. This document is not for onward distribution and must be kept confidential by you.

The information contained in this document, does not constitute and should not be construed as an offer of, invitation or proposal to make an offer for, recommendation to apply for or an opinion or guidance on a financial product, service and/or strategy. Whilst great care has been taken to ensure that the information contained in this document is accurate, no responsibility can be accepted for any errors, mistakes or omissions or for any action taken in reliance thereon. You may only reproduce, circulate and use this document (or any part of it) with the consent of BlackRock.

In Australia. The Umbrella User represents and warrants that it is a wholesale client as defined under the Corporations Act 2001 (Cth). The Umbrella User undertakes to immediately notify the Site Operator in writing if at any point the Umbrella User ceases to be a wholesale client as defined under the Corporations Act 2001 (Cth).

In Canada. This material is intended for institutional investors only, is for educational purposes only, does not constitute investment advice and should not be construed as a solicitation or offering of units of any fund or other security in any jurisdiction.

In The Bahamas. This is issued by BlackRock Investment Management (UK) Limited for use only with accredited investors as defined under the Securities Industry Regulations, 2012 (as amended from time to time) or professional clients as defined under EU Directive 2014/65/EU.

In the Cayman Islands. The Umbrella User represents and warrants that it is a sophisticated person or a high-net-worth person as those terms are defined in the Cayman Islands Securities Investment Business Law (2019 Revision) as amended from time to time. The Umbrella User further represents and warrants that it is not a member of the public as that term is defined in the Cayman Islands Mutual Funds Law (2018 Revision) as amended from time to time.  The Umbrella User undertakes to immediately notify the Site Operator in writing at any point the Umbrella User ceases to meet the criteria set out in this clause. The Umbrella User acknowledges that the applicable Site Operator is not intending, and is not licensed or registered, to conduct business in, from or within the Cayman Islands.

In Latin America. For institutional investors and financial intermediaries only (not for public distribution). This material is for educational purposes only and does not constitute investment advice or an offer or solicitation to sell or a solicitation of an offer to buy any shares of any fund or security and it is your responsibility to inform yourself of, and to observe, all applicable laws and regulations of your relevant jurisdiction. If any funds are mentioned or inferred in this material, such funds may not been registered with the securities regulators of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus, may not be publicly offered in any such countries. The securities regulators of any country within Latin America have not confirmed the accuracy of any information contained herein. No information discussed herein can be provided to the general public in Latin America. The contents of this material are strictly confidential and must not be passed to any third party.

In Colombia. The sale of each fund discussed herein, if any, is addressed to less than one hundred specifically identified investors, and such fund may not be promoted or marketed in Colombia or to Colombian residents unless such promotion and marketing is made in compliance with Decree 2555 of 2010 and other applicable rules and regulations related to the promotion of foreign financial and/or securities related products or services in Colombia.

In China. This material is provided for informational or educational purposes in People’s Republic of China (PRC, for such purposes, not applicable to Hong Kong, Macau and Taiwan) only and does not constitute a solicitation of any securities or BlackRock funds or any financial services in any jurisdiction in which such solicitation is unlawful or to any person to whom it is unlawful.

In Hong Kong. The Umbrella User represents and warrants that it is and at all times will remain an Institutional Professional Investor as defined under paragraphs (a) to (i) of the definition of professional investor in section 1 of Part 1 of Schedule 1 to the Securities and Futures Ordinance, as amended from time to time. The Umbrella User undertakes to immediately notify the Site Operator in writing at any point the Umbrella User ceases to be an Institutional Professional Investor.

In New Zealand. The Umbrella User represents and warrants that it is and at all times will remain a Wholesale Client as defined as a wholesale client under New Zealand law, which is currently defined under clause 3 of Schedule 1 of the Financial Markets Conduct Act 2013. The Umbrella User undertakes to immediately notify the Site Operator in writing at any point the Umbrella User ceases to be a Wholesale Client.

IN MEXICO, FOR INSTITUTIONAL AND QUALIFIED INVESTORS USE ONLY. INVESTING INVOLVES RISK, INCLUDING POSSIBLE LOSS OF PRINCIPAL. THIS MATERIAL IS PROVIDED FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER OR SOLICITATION TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY SHARES OF ANY FUND OR SECURITY. This information does not consider the investment objectives, risk tolerance or the financial circumstances of any specific investor. This information does not replace the obligation of financial advisor to apply his/her best judgment in making investment decisions or investment recommendations. It is your responsibility to inform yourself of, and to observe, all applicable laws and regulations of Mexico. If any funds, securities or investment strategies are mentioned or inferred in this material, such funds, securities or strategies have not been registered with the Mexican National Banking and Securities Commission (Comisión Nacional Bancariay de Valores, the CNBV) and thus, may not be publicly offered in Mexico. The CNBV has not confirmed the accuracy of any information contained herein.

The provision of investment management and investment advisory services (Investment Services) is a regulated activity in Mexico, subject to strict rules, and performed under the supervision of the CNBV. These materials are shared for information purposes only, do not constitute investment advice, and are being shared in the understanding that the addressee is an Institutional or Qualified investor as defined under Mexican Securities (Ley del Mercado de Valores). Each potential investor shall make its own investment decision based on their own analysis of the available information. Please note that by receiving these materials, it shall be construed as a representation by the receiver that it is an Institutional or Qualified investor as defined under Mexican law. BlackRock México Operadora, S.A. de C.V., Sociedad Operadorade Fondosde Inversión(BlackRock México Operadora) is a Mexican subsidiary of BlackRock, Inc., authorized by the CNBV as a Mutual Fund Manager (Operadorade Fondos), and as such, authorized to manage Mexican mutual funds, ETFs and provide Investment Advisory Services. For more information on the Investment Services offered by BlackRock Mexico, please review our Investment Services Guide available in www.blackrock.com/mx. This material represents an assessment at a specific time and its information should not be relied upon by the you as research or investment advice regarding the funds, any security or investment strategy in particular. Reliance upon information in this material is at your sole discretion. BlackRock México is not authorized to receive deposits, carry out intermediation activities, or act as a broker dealer, or bank in Mexico. For more information on BlackRock México, please visit: www.blackRock.com/mx. BlackRock receives revenue in the form of advisory fees for our advisory services and management fees for our mutual funds, exchange traded funds and collective investment trusts. Any modification, change, distribution or inadequate use of information of this document is not responsibility of BlackRock or any of its affiliates. Pursuant to the Mexican Data Privacy Law (Ley Federal de Protecciónde Datos Personalesen Posesiónde Particulares), to register your personal data you must confirm that you have read and understood the Privacy Notice of BlackRock México Operadora. For the full disclosure, please visit www.blackRock.com/mx and accept that your personal information will be managed according with the terms and conditions set forth therein.

In Singapore. The Umbrella User represents and warrants that it is and at all times will remain an Institutional Investor as defined under section 4A of the Securities and Futures Act (SFA), as may be amended from time to time. The Umbrella User undertakes to immediately notify the Site Operator in writing at any point if the Umbrella User ceases to be an Institutional Investor. The Funds mentioned in the Site described herein may not have been registered with the Monetary Authority of Singapore for offering or distribution in Singapore. Accordingly, the information contained on the Site may not be circulated or distributed, nor may the Funds be offered or sold whether directly or indirectly, to any person in Singapore other than (i) to an institutional investor pursuant to Section 304 SFA or (ii) otherwise pursuant to and in accordance with the conditions of any other applicable provision of the SFA.

In South Africa. Please be advised that BlackRock Investment Management (UK) Limited is an authorized Financial Services provider with the South African Financial Services Conduct Authority, FSP No. 43288.

For qualified investors in Switzerland:

This document shall be exclusively made available to, and directed at, qualified investors as defined in Article 10 (3) of the CISA of 23 June 2006, as amended, at the exclusion of qualified investors with an opting-out pursuant to Art. 5 (1) of the Swiss Federal Act on Financial Services (FinSA).

For information on art. 8 / 9 Financial Services Act (FinSA) and on your client segmentation under art. 4 FinSA, please see the following website: www.blackrock.com/finsa

This communication is for information purposes only and does not constitute an offer or invitation to anyone to invest in any BlackRock funds and has not been prepared in connection with any such offer. Accordingly, this material does not constitute an offer or solicitation by anyone in any jurisdiction in which such offer or solicitation is not lawful or in which the person making such offer or solicitation is not qualified to do so or to anyone to whom it is unlawful to make such offer or solicitation. It is your responsibility to be aware of the applicable laws and regulations of your country of residence. This information may not be used or published without the prior consent of BlackRock.

In the UAE. The information contained in this document is intended strictly for non-natural Qualified Investors as defined in the UAE Securities and Commodities Authority’s Board Decision No. 3/R.M of 2017 concerning Promoting and Introducing Regulations. The information contained in this document, does not constitute and should not be construed as an offer of, invitation or proposal to make an offer for, recommendation to apply for or an opinion or guidance on a financial product, service and/or strategy. Whilst great care has been taken to ensure that the information contained in this document is accurate, no responsibility can be accepted for any errors, mistakes or omissions or for any action taken in reliance thereon. You may only reproduce, circulate and use this document (or any part of it) with the consent of BlackRock. The information contained in this document is for information purposes only. It is not intended for and should not be distributed to, or relied upon by, members of the public. The information contained in this document, may contain statements that are not purely historical in nature but are forward-looking statements. These include, amongst other things, projections, forecasts or estimates of income. These

forward-looking statements are based upon certain assumptions, some of which are described in other relevant documents or materials. If you do not understand the contents of this document, you should consult an authorized financial adviser.

In the U.S. This material is intended for Institutional Investors only –not for public distribution.

Prepared by BlackRock Investment Management (UK) Limited. Registered in England No. 2020394. Registered office: 12 Throgmorton Avenue, London EC2N 2DL Authorized and regulated by the Financial Conduct Authority.

Prepared by BlackRock (Netherlands) B.V.

Prepared by BlackRock Investments, LLC, member FINRA.

Unauthorized reproduction, transmission or storage expressly prohibited. Cachematrix Software Solutions, LLC is an indirect, wholly-owned subsidiary of BlackRock, Inc. Copyright 2022. Cachematrix Software Solutions, LLC. All rights reserved, U.S Pat. Nos. 7,835,976 & 7,983,969 & 8,099,354

Manage your MMF investments online

CachematrixTM by BlackRock is an online trading and reporting system that allows institutional investors to trade money market fund (MMF) investments from 20+ fund providers, view MMF balances, access statements and reporting and more.

Our team

With one of the most experienced cash management teams in the industry, BlackRock is able to offer clients an investment approach that has been tested through time and a variety of solutions designed to meet the needs of today’s cash investor.

Roland Villacorta, CFA
Managing Director, Head of Global Cash Management and Head of Securities Lending within BlackRock Global Markets
Roland Villacorta, CFA, Managing Director, is Head of Global Cash Management and Head of Securities Lending within BlackRock’s Global Markets. He is a member of BlackRock's Global Operating Committee.

 

Capital at risk. All financial investments involve an element of risk. Therefore, the value of the investment and the income from it will vary and the initial investment amount cannot be guaranteed.

 

This material is provided for educational purposes only and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are subject to change. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be and should not be interpreted as recommendations. Reliance upon information in this material is at the sole risk and discretion of the reader. The material was prepared without regard to specific objectives, financial situation or needs of any investor.

 

This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, and estimates of yields or returns. No representation is made that any performance presented will be achieved by any BlackRock Funds, or that every assumption made in achieving, calculating or presenting either the forward-looking information or any historical performance information herein has been considered or stated in preparing this material. Any changes to assumptions that may have been made in preparing this material could have a material impact on the investment returns that are presented herein. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

 

The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BlackRock to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy.

 

In the U.S., this material is for Institutional use only – not for public distribution.

 

In Canada, this material is intended for permitted clients only, is for educational purposes only, does not constitute investment advice and should not be construed as a solicitation or offering of units of any fund or other security in any jurisdiction.

 

In the European Economic Area, it is issued by BlackRock (Netherlands) B.V.: Amstelplein 1, 1096 HA,Amsterdam, Tel: 020 – 549 5200, Trade Register No. 17068311. This material is for distribution to Professional Clients (as defined by MiFID Rules) and Qualified Investors and should not be relied upon by any other persons.

 

In the United Kingdom and outside the European Economic Area, it is issued by BlackRock Investment Management (UK) Limited, (authorised and regulated by the Financial Conduct Authority (‘FCA’). Registered office: 12 Throgmorton Avenue, London, EC2N 2DL. Registered in England and Wales No. 2020394. Tel: 020 7743 3000. This material is for distribution to Professional Clients (as defined by the FCA or MiFID Rules) and Qualified Investors and should not be relied upon by any other persons.

 

For qualified investors in Switzerland, this material shall be exclusively made available to, and directed at, qualified investors as defined in the Swiss Collective Investment Schemes Act of 23 June 2006, as amended.

 

In South Africa, please be advised that BlackRock Investment Management (UK) Limited is an authorised Financial Services provider with the South African Financial Services Board, FSP No. 43288.

 

In Hong Kong, this material is issued by BlackRock Asset Management North Asia Limited and has not been reviewed by the Securities and Futures Commission of Hong Kong. This material is for distribution to "Professional Investors" (as defined in the Securities and Futures Ordinance (Cap.571 of the laws of Hong Kong) and any rules made under that ordinance.) and should not be relied upon by any other persons or redistributed to retail clients in Hong Kong.

 

In Singapore, this is issued by BlackRock (Singapore) Limited (Co. registration no. 200010143N) for use only with accredited/institutional investors as defined in Section 4A of the Securities and Futures Act, Chapter 289 of Singapore. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.

 

In Korea, this information is issued by BlackRock Investment (Korea) Limited. This material is for distribution to the Qualified Professional Investors (as defined in the Financial Investment Services and Capital Market Act and its sub-regulations) and for information or educational purposes only, and does not constitute investment advice or an offer or solicitation to purchase or sells in any securities or any investment strategies.

 

In Taiwan, Independently operated by BlackRock Investment Management (Taiwan) Limited. Address: 28F., No. 100, Songren Rd., Xinyi Dist., Taipei City 110, Taiwan. Tel: (02)23261600.

 

In China, this material may not be distributed to individuals resident in the People's Republic of China ("PRC", for such purposes, excluding Hong Kong, Macau and Taiwan) or entities registered in the PRC unless such parties have received all the required PRC government approvals to participate in any investment or receive any investment advisory or investment management services.

 

Issued in Australia and New Zealand by BlackRock Investment Management (Australia) Limited ABN 13 006 165 975 AFSL 230 523 (BIMAL) for the exclusive use of the recipient who warrants by receipt of this material that they are a wholesale client and not a retail client as those terms are defined under the Australian Corporations Act 2001 (Cth) and the New Zealand Financial Advisers Act 2008 respectively. BIMAL is the issuer of financial products and acts as an investment manager in Australia. BIMAL does not offer financial products to persons in New Zealand who are retail investors (as that term is defined in the Financial Markets Conduct Act 2013 (FMCA)). This material does not constitute or relate to such an offer. To the extent that this material does constitute or relate to such an offer of financial products, the offer is only made to, and capable of acceptance by, persons in New Zealand who are wholesale investors (as that term is defined in the FMCA). This material has not been prepared specifically for Australian or New Zealand investors and may contain references to dollar amounts which are not Australian or New Zealand dollars and financial information which are not prepared in accordance with Australian or New Zealand law or practices.

 

For Other Countries in APAC, this material is issued for Institutional Investors only (or professional/sophisticated/qualified investors, as such term may apply in local jurisdictions) and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, BlackRock funds or any investment strategy nor shall any securities be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

 

In Latin America, for Institutional Investors and Financial Intermediaries Only (Not for public distribution). This material is for educational purposes only and does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any shares of any fund (nor shall any such shares be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction. It is possible that some or all of the funds mentioned in this document have not been registered with the securities regulator of Argentina, Brazil, Chile, Colombia, Mexico, Panama, Peru, Uruguay or any other securities regulator in any Latin American country and thus might not be publicly offered within any such country. The securities regulators of such countries have not confirmed the accuracy of any information contained herein. No information discussed herein can be provided to the general public in Latin America.

 

In Argentina, only for use with Qualified Investors under the definition as set by the Comisión Nacional de Valores (CNV).

 

In Chile, the offer of each security not registered with the Comisión para el Mercado Financiero (“CMF”) is subject to General Rule No. 336 issued by the SVS (now the CMF). The subject matter of this offer may include securities not registered with the CMF; therefore, such securities are not subject to the supervision of the CMF. Since the securities are not registered in Chile, there is no obligation of the issuer to make publicly available information about the securities in Chile. The securities shall not be subject to public offering in Chile unless registered with the relevant registry of the CMF.

 

In Colombia, the offer of each Fund is addressed to less than one hundred specifically identified investors, and such Fund may not be promoted or marketed in Colombia or to Colombian residents unless such promotion and marketing is made in compliance with Decree 2555 of 2010 and other applicable rules and regulations related to the promotion of foreign financial and/or securities related products or services in Colombia. 

 

In Mexico, for institutional investors and financial intermediaries only. Investing involves risk, including possible loss of principal. This material is provided for educational and informational purposes only and does not constitute an offer or solicitation to sell or a solicitation of an offer to buy any shares of any fund or security. It is your responsibility to inform yourself of, and to observe, all applicable laws and regulations of Mexico. If any funds, securities or investment strategies are mentioned or inferred in this material, such funds, securities or strategies have not been registered with the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, the “CNBV”) and thus, may not be publicly offered in Mexico. The CNBV has not confirmed the accuracy of any information contained herein. The provision of investment management and investment advisory services is a regulated activity in Mexico, subject to strict rules, and performed under the supervision of the CNBV. BlackRock Mexico, S.A. de C.V., Asesor en Inversiones Independiente (“BLKMX”) is a Mexican subsidiary of BlackRock, Inc., registered with the CNBV as an independent investment advisor under registration number 30088-001-(14085)-20/04/17, and as such, authorized to provide Investment Advisory Services. BlackRock México Operadora, S.A. de C.V., Sociedad Operadora de Fondos de Inversión (“BlackRock MX Operadora” and together with BLKMX, “BlackRock México”) are Mexican subsidiaries of BlackRock, Inc., authorized by the CNBV. For more information on the investment services offered by BlackRock Mexico, please review our Investment Services Guide available in www.BlackRock.com/mx. This material represents an assessment at a specific time and its information should not be relied upon by you as research or investment advice regarding the funds, any security or investment strategy in particular. Reliance upon information in this material is at your sole discretion. BlackRock México is not authorized to receive deposits, carry out intermediation activities, or act as a broker dealer, or bank in Mexico. For more information on BlackRock México, please visit: www.BlackRock.com/mx. Further, BlackRock receives revenue in the form of advisory fees for our mutual funds and exchange traded funds and management fees for our collective investment trusts.

 

In Peru, this material is for the sole use of Institutional Investors, as such term is defined by the Superintendencia de Banca, Seguros y AFP.

 

The information provided here is neither tax nor legal advice. Investors should speak to their tax professional for specific information regarding their tax situation. Investment involves risk including possible loss of principal. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation, and the possibility of substantial volatility due to adverse political, economic or other developments. These risks are often heightened for investments in emerging/developing markets or smaller capital markets.

 

FOR INSTITUTIONAL, FINANCIAL PROFESSIONAL, PERMITTED CLIENT AND WHOLESALE INVESTOR USE ONLY. THIS MATERIAL IS NOT TO BE REPRODUCED OR DISTRIBUTED TO PERSONS OTHER THAN THE RECIPIENT.

 

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