iShares has released three equity ETFs as 'building blocks' for country exposure and four fixed i...
iShares has released three equity ETFs as 'building blocks' for country exposure and four fixed income ETFs.
The iShares MSCI Europe ex-EMU provides exposure to the UK, Switzerland, Sweden, Denmark and Norway, offering such coverage of these countries for the first time.
The iShares FTSE Developed World ex-UK delivers international coverage of over 30 countries, including the US, Japan, Hong Kong, Australia, France and Germany, allowing investors to avoid overweighting exposure to the UK market. This ETF also marks a first in terms of the style of coverage, says iShares.
The equity range also includes the iShares MSCI Pacific ex-Japan, which offers developed market exposure to Australia, Hong Kong, Singapore and New Zealand.
With the latest fixed income offering, the total number of fixed income iShares ETFs has risen to 37. iShares has gained over €1.5bn in net new assets in its fixed income ETFs year to date.
The iShares Barclays Euro Government Bond 5-7 tracks the Barclays Capital Euro Government Bond 5-7 year term index, measuring the performance of 10-year bonds issued by EMU member states, which have a remaining maturity of five to seven years. The iShares Barclays Euro Government Bond 10-15 tracks the respective index.
The iShares Barclays Euro Treasury Bond tracks fixed rate securities issued by EMU governments and are part of the Euro-Aggregate and Global Aggregate indices.
The iShares FTSE Gilts UK 0-5 covers UK government debt with a maturity of zero to five years and offers exposure to secure government bonds with short-term maturities.
"The launch of the three new equity products - two of which are world firsts - reflect iShares' innovative approach to product development," says Axel Lomholt, senior director of product development at iShares Europe. "Our offering continues to be the most complete and comprehensive equity product set in the market. We believe most investors will use these funds as 'building blocks', providing them with exposure to a particular set of countries within a defined region."
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