iShares lists global equity ETF

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iShares has expanded its equity fund range with the listing of an ETF tracking the MSCI All Country World Index.

The underlying index comprises of stocks from 24 developed and 21 emerging markets; the ETF is physically-replicated and is listed on the London Stock Exchange. Axel Lomholt, head of iShares product development Emea says that the ETF can be used as a core building block by investors or "in a combination with regional or single country iShares' ETFs, to tilt portfolio exposure when investors have strong convictions towards a selected country or a region". He says that "iShares launched iShares MSCI ACWI ETF in response to the increasing client demand for broad global equity exposure". ...

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