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Blackrock to Liquidate Frontier and Emerging Market Fund

Dulue Mbachu

Dulue Mbachu, an experienced journalist, covers business and politics for Allen Dreyfus.
  • BlackRock to dissolve iShares Frontier and Select Emerging Market ETF, impacting Nigerian and Kenyan stocks
  • Liquidation influenced by economic instability and currency devaluations in frontier markets

 

Abuja, Nigeria – BlackRock, the world’s largest asset manager, announced it is liquidating its $400 million iShares Frontier and Select Emerging Market Exchange-Traded Fund (ETF), which invests in various frontier markets including Nigeria and Kenya.

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