/EINPresswire.com/ -- TORONTO, ONTARIO--(Marketwired - Oct 30, 2017) - (TSX:CGL) (TSX:CGL.C) - iShares, the industry-leading exchange-traded fund (ETF) business at BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock), today announces an update to the investment risk level of its iShares Gold Bullion ETF (CGL). This change will be reflected in the prospectus for CGL that will be filed on or about October 30, 2017.

BlackRock Canada applied the new investment risk classification methodology set out in National Instrument 81-102 - Investment Funds, which came into force on September 1, 2017, to determine the investment risk level of CGL. There have been no changes to the investment objectives, investment strategies or management of CGL. The updated risk level applies to both classes of units of CGL that are represented by their respective ticker symbols: CGL and CGL.C.

Class/Ticker	Previous Investment Risk Level		Updated Investment Risk Level
CGL	High		Medium to High
CGL.C	High		Medium to High

A copy of the standardized risk classification methodology used by BlackRock Canada to identify the investment risk level of CGL is available on request, at no cost, by calling us at 1-855-255-5951 or by writing to BlackRock Canada at 161 Bay Street, Suite 2500, Toronto, Ontario M5J 2S1.

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary to our clients, BlackRock provides the investment and technology solutions clients need when planning for their most important goals. As of September 30, 2017, the firm manages approximately US$5.977 trillion in assets on behalf of investors worldwide. For additional information, please visit BlackRock's website at www.blackrock.com/ca / Twitter: @BlackRockCA / Blog: www.blackrockblog.com/can

About iShares

iShares^® is a global leader in ETFs, with more than a decade of expertise and commitment to individual and institutional investors of all sizes. With over 800 funds globally across multiple asset classes and strategies and more than US$1.5 trillion in assets under management as of September 30, 2017, iShares helps clients around the world build the core of their portfolios, meet specific investment goals and implement market views. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm¹.

¹Based on US$5.977 trillion in AUM as of 9/30/17

Commissions, trailing commissions, management fees and expenses all may be associated with investing in ETFs. Please read the relevant prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional.