The Exchange Traded Fund (ETF) arm of Barclays Global Investors (BGI), iShares, has reported a 45% increase in assets under management between 2006 and 2007.
The firm, which saw assets climb from $285bn by the end of 2006 to $414bn by December last year, says the success was in large part down to impressive net new assets of $69bn worldwide. It adds that, as part of this, Europe has seen strong growth, with iShares AUM increasing from €33.1bn to €39.5bn during 2007. The most popular iShares funds with investors in Europe were the iShares MSCI Emerging Markets, iShares DJ Euro Stoxx Select Dividend and iShares MSCI World. Jennifer Grancio, head of iShares distribution, Europe, says: “2007 was an active year for iShares. We continued to launch ...
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