Fund Management
iShares Launches ETF With International Security Structure
iShares, the exchange traded funds brand of BlackRock, the US asset management giant, has launched an exchange-traded fund with an international security structure.
iShares, the exchange
traded funds brand of BlackRock, the US asset management
giant,
has launched an exchange-traded fund with an
international security structure.
The
iShares EURO STOXX 50 ex-Financials UCITS ETF is a physically
replicating fund
which invests in blue chip stocks from 12 Eurozone countries,
while excluding
companies from the financial sector.
The firm
said this would potentially provide investors with a less
volatile exposure to
Eurozone equities.
The fund
has a total expense ratio of 20 basis points.
“Eurozone
financial stocks are likely to exhibit volatility in 2014 and
this ETF provides
a building block for investors to express their views, by either
side-stepping
the sector or specifically targeting it by adding other
financials-focused
funds or single stocks to their portfolios," said Tom
Fekete, head of product development for iShares EMEA.
