iShares MSCI Emerging Markets ETF CEDEAR (EEMD)

Profile

iShares MSCI Emerging Markets ETF CEDEAR is a depositary receipt that represents an interest in the iShares MSCI Emerging Markets ETF, allowing investors in Argentina to access a diversified portfolio of large- and mid-cap equities from major emerging economies through the local market. The underlying fund seeks to track the MSCI Emerging Markets Index, offering broad exposure across countries and sectors, and is managed within the iShares platform by BlackRock. Through the CEDEAR structure, the local price reflects both the value of the underlying ETF and the applicable exchange-rate dynamics, and each program sets a conversion ratio between local receipts and the foreign security. This vehicle helps investors incorporate international diversification, sector breadth, and dividend distributions of the underlying fund while transacting in the domestic market infrastructure. The CEDEAR format is regulated locally and designed to provide operational access, transparency of holdings published by the ETF sponsor, and the potential to form whole units for cross-border transfers when meeting the established conversion ratio requirements.