iShares launches four ETFs on London exchange

BlackRock’s iShares exchange traded funds (ETFs) product range has launched four ETFs on the London Stock Exchange (LSE).

Three of the ETFs are single country funds in developed and emerging equity markets. The fourth is an accumulating version of the iShares DJ Euro STOXX 50. 

The iShares MSCI Australia, iShares MSCI Canada and iShares MSCI South Africa ETFs provide exposure to companies in predominantly the financial and commodities sectors and complement iShares' existing single country range of ETFs.

The iShares MSCI Australia tracks the performance of the MSCI Australia Index as closely as possible and invests in approximately 75 Australian stocks with financials and materials sectors making up over 70% of its benchmark.

The iShares MSCI Canada tracks the performance of the MSCI Canada Index and invests in approximately 96 Canadian stocks with commodity-related sectors making up almost 50% of its benchmark.

The iShares MSCI South Africa tracks the performance of the MSCI South Africa Index and invests in approximately 45 South African stocks with commodity-related sectors making up almost 40% of its benchmark.

Finally, the iShares DJ Euro STOXX 50 (Acc) provides exposure to 50 of the most highly capitalised blue chip stocks which represent the leading companies in the eurozone. 

The MSCI single country indexes target companies with a market capitalisation within the top 85% of the investable equity universe, subject to a global minimum size requirement.

There are now 90 iShares listed on the LSE.