iShares broadens US exposure with MSCI ETF

The iShares MSCI USA fund, listed on the London Stock Exchange (LSE), is based on the MSCI USA index. This is a free float adjusted and market capitalisation weighted benchmark measuring the performance of the large and mid-cap US equity markets. The latest fund complements the issuer's existing S&P 500 fund, which the firm says is the largest US equity ETF in Europe by assets under management. iShares says the new ETF provides investors with a choice of ways to access the US market, through physically-backed funds. iShares head of product development in Europe and Asia ex-Japan Ax...