NEW YORK (Reuters) - BlackRock Inc said on Friday it will change the benchmarks on four iShares Treasury exchange-traded funds (ETFs) from Barclays' Treasury bond indexes to ICE's Treasury bond indexes, effective on or after March 31.
The four iShares ETFs affected by the switch are the iShares 1-3 Year Treasury Bond ETF; iShares 3-7 Year Treasury Bond ETF; iShares 7-10 Year Treasury Bond ETF and iShares 20-plus Year Treasury Bond ETF, BlackRock, the world's largest asset manager, said in a statement.
The funds are among the most popular U.S. taxable bond ETFs with combined assets of nearly $36 billion, according to data from Morningstar.
Interactive Data, which oversees the ICE bond indexes, is a subsidiary of the Intercontinental Exchange which operates the New York Stock Exchange.