BlackRock announced it will liquidate the iShares Diversified Alternatives Trust (ALT) next...

|About: iShares Diversified Alt... (ALT)|By:, SA News Editor

BlackRock announced it will liquidate the iShares Diversified Alternatives Trust (ALT) next month. "Based on the review and client feedback, it appears this product has a limited role in today’s investment portfolios, and we have seen little long-term demand," said Patrick Dunne, head of Global Markets and Investments for BlackRock. This will be the first closure for an iShares ETF since 2002.