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Friday, May 07, 2010|
iShares Launches Three Country Specific ETFs
iShares has made its massive ETF family larger by three. The BlackRock business launched new index tracking country specific funds Friday.
The iShare MSCI Ireland Capped Investable has an expense ratio of 55 basis points. The iShares MSCI Indonesia Investable Market Index Fund has an expense of 65 bps.
iShares stayed domestic with the third ETF, the MSCI USA Index Fund, which is the cheapest of the three. The fund has an expense of 15 bps.
All three funds are managed by Diane Hsiung and Greg Savage. BlackRock Fund Advisors is the investment advisor. State Street Bank and Trust Company is the administrator, custodian and transfer agent for the three ETFs, according to the filings.
iShares boasts more than 430 funds that trade on 16 exchanges globally. Including the new funds, iShares has 33 country-specific index funds.
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