Source: Hedge Funds Review | 29 Sep 2009
Categories: Exchange-traded Funds
Topics: Japan, Europe, Emerging markets, Barclays Capital, S&P 500, Securities, iShares, Bonds, Exchange traded funds (ETF)
iShares, a provider of exchange traded funds (ETFs), has launched nine ETFs on the London Stock Exchange (LSE). The offerings include four corporate bond ETFs and five accumulating versions of iShares largest core equity benchmarks.
There are now 129 iShares listed on the LSE. The launch takes the iShares range of fixed income funds to 40 in Europe.
The fixed income products include iShares Barclays Euro Corporate Bond ex-Financials which contains fixed-rate, investment-grade euro-denominated securities from non-financial issuers only. Inclusion is based on the currency of the issue and not the domicile of the issuer.
The iShares Barclays Euro Corporate Bond ex-Financials 1-5 contains fixed-rate, investment-grade euro-denominated securities from non-financial issuers only with at least one and up to five years to final maturity. Inclusion is based on the currency of the issue and not the domicile of the issuer.
Another product is iShares Barclays Euro Corporate Bond 1-5 contains fixed-rate, investment-grade euro-denominated securities with at least one and up to five years to final maturity. Inclusion is based on the currency of the issue and not the domicile of the issuer.
The iShares iBoxx £ Corporate Bond ex-Financials tracks the market for non-financial corporate bonds denominated in sterling. The index contains fixed-rate, investment-grade sterling-denominated securities from basic material, consumer goods, consumer service, health care, industrial, oil and gas, telecommunication and utility issuers.
The accumulating funds are based on five of iShares core equity benchmarks they are already available in the distributing form, paying investors dividend income on a periodic basis. The accumulating funds will automatically reinvest any dividend income received back into the fund, rather than paying it to investors.
These funds include: iShares MSCI Emerging Markets (Acc); iShares S&P 500(Acc); iShares MSCI World (Acc); iShares MSCI Europe (Acc) and iShares MSCI Japan (Acc).
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