iShares to Shutter 18 ETFs

BlackRock’s (NYSE: BLK) iShares unit, the world’s largest issuer of exchange traded funds, will close 18 of its ETFs. The iShares FTSE China Index Fund (NYSEArca: FCHI) is the largest and oldest of the ETFs iShares is closing. That seven year old fund had $37.3 million in assets under management at...