iShares bolsters Bric offering with new Russia ETF

The ETF seeks to track the MSCI Russia 25/50 index, designed to measure the performance of equity securities listed on stock exchanges in Russia. This is a customised variation of the MSCI Russia index, created with weighting caps to take into account US regulations on investment diversification. As of October 15 the top three sector constituents of the index were energy, at 50.7%, materials at 18.4%, and financials at 14.5%. iShares has also offered the broader MSCI BRIC Index fund since 2007. iShares head of US product Noel Archard says the ETF launch is in response to requests f...