Barclays said it will close the following funds December 5:
- iShares Dow Jones US Chemicals Index Fund: With $19 million in assets, the fund tracks an index that currently consists of 35 securities.
- iShares Dow Jones US Internet Index Fund: With $8 million in assets, the fund tracks an index that consists of 40 securities.
- iShares S&P/TSE 60 Index Fund: $1.7 million in assets, the fund tracks 60 Canadian stocks.
Trading in the funds will halt at the close of the US stock market on December 5, 2002.
The funds will be liquidated December 6 to December 13. Shareholders remaining on December 13 will receive the Net Asset Value (NAV) of their shares as of December 13 and any capital gains and dividends, Barclays said.
On December 13 the final NAV of the funds’ shares, any capital gains and the dividend will be calculated.
iShares are index funds that are bought and sold like common stocks on securities exchanges.