MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, June 20, 2013 iShares Launching Equity ETF Focused on Columbia Today iShares [profile] is launching an equity ETF focused on Columbian companies, IndexUniverse reports. That would make the ETF the third and cheapest U.S. ETF targeting Columbia. The ETF, iShares MSCI Columbia Capped ETF, will invest in 25 local companies. The annual expense ratio is 0.61 percent, or 61 bps, the lowest out of all three ETFs. Market Vectors [profile] Columbia ETF cost 0.75 percent pr 75 bps, and the Global X [profile] FTSE Columbia 20 costs 0.79 percent or 79 bps. iShares is focusing on more diversification by imposing a 25 percent cap on single company exposure. Companies with a weight of more than 5 percent can't total more than 50 percent of the total in the aggregate. Printed from: MFWire.com/story.asp?s=44422 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |