BGI to unveil technology tracker

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Barclays Global Investors is to announce the launch of its second exchange traded fund into the UK m...

Barclays Global Investors is to announce the launch of its second exchange traded fund into the UK market in the next three weeks which will have a technology bias. BGI launched the first UK exchange traded fund, the iFTSE 100, in April to track the FTSE 100 and at the time announced that it planned to launch between six and 12 further funds to track major world indices before the middle of 2001. John Demaine, managing director of BGI's product division, said that even though the proposed fund was a tracker, BGI was not in a position to indicate what index it would track. Demaine said: "...

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