Terms and Conditions
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Global Internet Disclaimer
This website is owned by BlackRock (Singapore) Limited and is managed by various companies within the BlackRock Group (collectively called "BlackRock"). BlackRock reserves the right to change, modify, add, or delete, any content and the terms & conditions of use of this website without notice. Users are advised to periodically review the contents of this website to be familiar with any modifications.
This website has been prepared by BlackRock for informational purposes only and has not been reviewed by the Monetary Authority of Singapore. The information provided on this website should not be construed as an offering or solicitation to sell in any jurisdiction to any person to whom it is unlawful to make such an invitation or solicitation in such jurisdiction. Information on this website is not intended for use by persons located or resident in jurisdictions which restrict the distribution of this information. Persons accessing this web-site are required to inform themselves about and observe any relevant restrictions.
Save for the US-domiciled iShares Funds, units and shares in all other iShares Funds are not offered in the U.S. nor available to be acquired by persons deemed to be US Persons under the Investment Company Act of 1940 (of the United States) or the Commodity Exchange Act (of the United States), both as amended.
This website is for your personal use. As a user, you may not sell, copy, publish, distribute, transfer, modify, display, reproduce, and/or create any derivative works from the information or software on this website. You may not redeliver any of the pages, text, images, or content of this website using "framing" or similar technology. You acknowledge that you have no right to use the content of this website in any other manner.
The contents of this website, including text, graphics, links and/or other items, have been prepared based upon sources, materials, and systems believed to be reliable and accurate, and are provided to you on an "as is" and "as available" basis.
BlackRock makes no representations, and disclaims all, express, implied and statutory warranties of any kind to you or any third party, including, but not limited to, representations, and warranties regarding accuracy, timeliness, completeness, merchantability, fitness for any particular purpose, non-infringement of third-party rights, and/or freedom from computer viruses.
Links to other websites are provided for your convenience, and are not to be construed as an endorsement by BlackRock of such websites, their content, products and/or services, or vice versa. We accept no responsibility for the any of the content (regardless of what form this content is in) and the use of such third party websites is at your own risk. We do not guarantee that any of the links are operational, and do not assume any responsibility for the consequences of any errors or omissions as a result of using these links.
Internet software or transmission problems may produce inaccurate or incomplete copies of information and materials that may be downloaded and displayed on a user computer. BlackRock is not liable for any errors, changes, or omissions that occur during transmission or downloading of information and materials.
Although we endeavour to ensure the accuracy of the content placed on this website, we do not warrant or guarantee the accuracy or correctness of it or of any other content, materials and/or offers placed on, featured or referred to in or made available by means of this web site. We also do not warrant or guarantee that the website and our operation of it, its content or the server that makes it available are error or virus free or free of other harmful components or that your use of this web site and its content will be uninterrupted.
If you are dissatisfied with this web site or its content, your exclusive remedy is to discontinue your use of this web site and such content.
IN NO EVENT SHALL ANY BLACKROCK ENTITY BE LIABLE FOR ANY DAMAGES, INCLUDING WITHOUT LIMITATION DIRECT OR INDIRECT, SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES ARISING IN CONNECTION WITH THIS WEBSITE OR THE USE THEREOF OR INABILITY TO USE BY ANY PARTY, OR IN CONNECTION WITH ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, OR LINE OR SYSTEM FAILURE, EVEN IF BLACKROCK, OR REPRESENTATIVES THEREOF, ARE ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, LOSSES, OR EXPENSES. USE OF HYPERLINKS TO OTHER INTERNET RESOURCES IS AT YOUR OWN RISK.
Hyperlinks lead to websites published or operated by third parties and BlackRock shall not be deemed to endorse, recommend, approve, guarantee or introduce any third parties or the services/ products they provide on their websites. They have been included in our website to enhance your user experience and are presented for information purposes only.
We are not in any way responsible for the content of any externally linked website or webpage. You use or follow these links at your own risk and we are not not responsible for any damages or losses incurred or suffered by you arising out of or in connection with your use of the link.
Any links to websites that contain downloadable software are provided for your convenience only. Again we are not responsible for any difficulties you may encounter in downloading the software or for any consequences from your doing so. Please remember that the use of any software downloaded from the Internet may be governed by a licence agreement and your failure to observe the terms of such licence agreement may result in an infringement of intellectual property rights of the relevant software provider which we are not in any way responsible.
The information contained on this website is general in nature and does not constitute professional advice or recommendation. Persons accessing this web-site are advised to obtain their own independent professional advice.
Investment involves risk. You are advised to carefully consider the risk factors set out in the prospectus for the relevant iShares Fund. The price of units or shares and the income from them may go down as well as up and any past performance is not indicative of future performance. BlackRock does not guarantee the performance of iShares Funds.
An investment in an iShares Fund often involves investing in international markets. In addition to the normal risks associated with investing, international investments involve the risk of losing all or part of any capital from unfavourable fluctuations in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. An investment in emerging markets also involves heightened other risks such as increased volatility and the possibility of lower trading volume.
When making an investment in iShares Funds, you are buying shares or units that will be listed on one or more stock exchanges. The price of the shares or units will be determined by supply and demand. It is not necessarily the same as the value per share or unit of that iShares Fund's assets. At any time the share price may be at a discount or premium to the asset value. However, because of the exchange-traded Fund structure, it is expected that a significant discount or premium of price to asset value will not be sustainable over the long term. Any projections or examples (including calculations used therein) are for illustrative purposes only and are not guaranteed to be accurate or complete. You should note that shares or units may only be redeemed directly from an iShares Fund by persons or entities registered as Participating Dealers in very large creation/redemption sizes. Listing of the shares or units of the iShares Funds does not guarantee a liquid market for them.
Important information about iShares Funds is contained in the prospectus for the relevant iShares Fund which is available upon request from BlackRock.
You acknowledge and agree that it is your responsibility to keep secure and confidential any password that we issue to you and not to let any other person use such password or let such password become public knowledge. If any password becomes known by someone other than you, you must change such password immediately using the function available for this purpose on the website. You agree to advise BlackRock immediately in the event that you become aware, or have reasonable cause to believe, that your password is no longer secure or is being used in breach of these terms and conditions. In this regard, you will provide all reasonable cooperation to BlackRock in seeking injunctive or other equitable relief. You agree to indemnify BlackRock for any losses, direct or indirect, which may be suffered by BlackRock or any of its affiliates arising from any failure by you to change, or your delay in changing, any password in such circumstances. BlackRock shall not be liable to you or any third party in the event of any unauthorised access being gained to any of your data as a result of your failure to change, or your delay in changing, any password in such circumstances. BlackRock may require you to replace any password issued to you at any time where BlackRock considers it necessary. You agree to discontinue use of the website if requested by BlackRock and confirmed by it in writing.
Should a password be issued to you for the use of your employees, these terms and conditions shall apply to your employee's use of the website and you shall be responsible for ensuring their compliance. Should any of your employees who has access to your password leave your employment, it shall be your responsibility and the responsibility of such employee (on a joint and several basis) to notify BlackRock by email prior to such employee leaving your employment and, where relevant, to change your password once such employee has left.
We may suspend and/or terminate (either in whole or in part) your use of any password provided to you, the website and/or this agreement immediately for any reason.
Intellectual Property Rights
Copyright, trademark and other forms of proprietary rights protect the content of this website. All content is owned or controlled by BlackRock or the party credited as the provider of the content. Except as expressly provided herein, nothing in this website should be considered as granting any licence or right under any copyright, patent or trademark or other intellectual property rights of BlackRock or any third party. BlackRock owns and operates this website.
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by their index providers. For details of the index provider including any disclaimer, please refer to the relevant iShares Fund offer document.
MSCI and the MSCI Index names are service mark(s) of MSCI Inc. (“MSCI”) or its affiliates and have been licensed for certain purposes by BlackRock. The Fund is not sponsored, endorsed, sold or promoted by MSCI. Nor does MSCI make any representation or warranty, express or implied, regarding the index(es) or the advisability of investing in any fund.
iShares Funds are not sponsored, endorsed, sold or promoted by MSCI. Nor does this company make any representation regarding the advisability of investing in iShares Funds.
S&P and Standard and Poor's Index names are trademarks of Standard & Poor's, a division of the McGraw-Hill Companies, Inc., and has been licensed for use by BlackRock Institutional Trust Company, N.A. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Standard & Poor's nor does this company make any representation regarding the advisability of investing in iShares Funds.
Dow Jones is a service mark of S&P Dow Jones Indices LLC and has been licensed for use by BlackRock Institutional Trust Company, N.A. The iShares Funds are not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC. This company does not make any representation regarding the advisability of investing in iShares Funds.
J.P. Morgan and the J.P. Morgan Index name are the service marks of JPMorgan Chase & Co. and its affiliates ("J.P. Morgan") and have been licensed for certain uses by BlackRock Institutional Trust Company, N.A. This is not an offer by J.P. Morgan to sell or a solicitation of an offer to buy shares of the iShares Funds. The iShares Funds are not sponsored, endorsed, sold or promoted by J.P. Morgan. J.P. Morgan bears no liability and makes no representation regarding the iShares Funds or the advisability of investing in the iShares Funds. This is not intended to be and should not be regarded as tax, legal, accounting or other professional advice. The J.P. Morgan Index is the exclusive property of J.P. Morgan. J.P. Morgan does not warrant the completeness or accuracy of the J.P. Morgan Index. J.P. Morgan is not affiliated with BlackRock Institutional Trust Company, N.A. or any of its affiliates. © 2011 JPMorgan Chase & Co. All rights reserved.
Barclays, Barclays Capital Inc., Barclays Asia Local Currency Diversified Bond Index, Barclays Asia USD High Yield Diversified Credit Index and Barclays Asia Local Currency Short Duration Bond Index are trademarks of Barclays and have been licensed for use in connection with the iShares Barclays Capital Asia Local Currency Bond Index ETF, the iShares Barclays Capital USD Asia High Yield Bond Index ETF and the iShares Barclays Capital Asia Local Currency 1-3 Year Bond Index ETF (the "Funds"). The Funds are not sponsored or endorsed by Barclays Capital Inc., their affiliates, their agents or their licensors (collectively, "Barclays"). Barclays does not make any representation regarding the advisability of investing in the Funds.
Singapore Stock Exchange Disclaimer
SINGAPORE EXCHANGE SECURITIES TRADING LIMITED, ITS HOLDING COMPANIES AND OR ANY SUBSIDIARIES OR SUCH HOLDING COMPANIES ENDEAVOUR TO ENSURE THE ACCURACY AND RELIABILITY OF THE INFORMATION PROVIDED BUT DO NOT GUARANTEE ITS ACCURACY OR RELIABILITY AND ACCEPT NO LIABILITY (WHETHER IN TORT OR CONTRACT OR OTHERWISE) FOR ANY LOSS OR DAMAGE ARISING FROM ANY INACCURACIES OR OMISSIONS.
Data Provider Disclaimer
Price data is for internal or personal use of users of this website only. The iShares Funds or the data providers shall not be liable for any damages resulting from the use of such information or any error in its calculation.
Interactive Data Real Time Services
All information provided by Interactive Data Real Time Services ("Interactive Data") and its affiliates (the "Interactive Data Information") is owned by or licensed to Interactive Data and its affiliates and any user is only permitted to use such Interactive Data Information for his/her own personal use. In no event shall any user publish, retransmit, redistribute or otherwise reproduce any Interactive Data Information in any format to anyone, and no user shall use any Interactive Data Information in or in connection with any business or commercial enterprise, including, without limitation, any securities, investment, accounting, banking, legal or media business or enterprise.
Prior to the execution of a security trade based upon the Interactive Data Information, you are advised to consult with your broker or other financial representative to verify pricing information.
THE INTERACTIVE DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER INTERACTIVE DATA NOR ITS AFFILIATES MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE INTERACTIVE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. NEITHER INTERACTIVE DATA NOR ITS AFFILIATES GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INTERACTIVE DATA INFORMATION NOR WILL THEY BE LIABLE TO ANY USER OR ANYONE ELSE FOR ANY INTERRUPTION, INACCURACY, ERROR OR OMISSION, REGARDLESS OF CAUSE, IN THE INTERACTIVE DATA INFORMATION OR FOR ANY DAMAGES (WHETHER DIRECT OR INDIRECT, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY) RESULTING THEREFROM.
Deutsche Borse AG
The iNAV® for the iShares Funds is an indicative net asset value for information purposes only and is not intended, nor should it be relied on, to form the basis of any investment decisions in the iShares Funds. Deutsche Borse AG and the iShares Funds do not make any recommendations about the suitability of the iShares Funds for any particular investor. There is no guarantee that the iNAV® is calculated free of errors nor is any representation or warranty made as to the accuracy of the iNAV®. Deutsche Borse AG and the iShares Funds shall not be liable for any damages resulting from the usage of the iNAV® or any error in its calculation.
Institutional Investor Disclaimer
For those iShares Funds which are made available only to institutional investors (as defined in Section 4A of the Securities and Futures Act, Chapter 289 of Singapore ("SFA")), institutional investors should note that the prospectuses of such iShares Funds have not been registered as a prospectus with the Monetary Authority of Singapore, and any offer of the shares of such iShares Funds (the "Shares") will be made in reliance on the institutional investor exemption under Section 304 of the SFA. Accordingly, the prospectuses of such iShares Funds and any other document or material in connection with the offer or sale of the Shares may not be circulated or distributed, nor may the Shares be offered or sold, whether directly or indirectly, to any person in Singapore other than (i) to an institutional investor pursuant to Section 304 of the SFA or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. First sales of the Shares acquired pursuant to Section 304 of the SFA are subject to the requirements under Section 304A of the SFA.