iShares Rebalance for Free-Float

July 30, 2001 ( - The iShares MSCI exchange-traded funds (ETFs) have been rebalanced to track the new float-adjusted Provisional Indices of Morgan Stanley Capital International (MSCI).

MSCI’s Standard equity indices will be adjusted for available free-float, and the index target market representation increased from 60% to 85% coverage. The transition will occur during two phases to be completed by May 31, 2002.

Methodology is designed to improve the MSCI Indices’ diversification and market representation, as well as the investability of the securities in the indices, providing better benchmarks for asset owners and investment managers.

The iShares MSCI funds were launched in March 1996 as WEBS (World Equity Benchmark Shares). In May 2000, the WEBS funds were renamed iShares MSCI Funds to reflect the consistent brand name for exchange-traded funds managed by Barclays Global Fund Advisors.