iShares swap-based ETF launch "imminent"

A spokesperson at iShares says the launch could come within the next few weeks. The ETF issuer is renowned for providing physically replicated ETFs, whereby the fund invests in the stocks constituting the underlying index. iShares has favoured this method of index tracking, rather than synthetic replication using a swap with a bank to return the performance of the underlying index. In an interview with ETFM earlier this year, iShares International chief executive Rory Tobin said: "We will look at swap-based replication this year and will expand our overall range of swap based produ...