iShares Launches 3 Country ETFs
Blackrock’s iShares has announced the launch of three new exchange-traded funds catering to specific geographic regions. Its newest funds center on Ireland, Indonesia and the United States. The three new funds are as follows: 1. iShares MSCI Ireland Capped Investable Market Index Fund (EIRL: Quote) 2. iShares MSCI Indonesia Investable Market Index Fund (EIDO: Quote) [...]
iShares Starts Land Grab in Country-Specific ETFs
The race to dominate country specific funds is in full swing. iShares recently filed with the SEC to create another six country-specific ETFs. The six new funds are: 1. iShares MSCI Brazil Small Cap Index Fund 2. iShares MSCI Egypt Capped Investable Market Index Fund 3. iShares MSCI Ireland Capped Investable Market Index Fund 4. [...]
Northern Trust Unable to Catch Investor Interest with NETS-brand ETFs
The country-specific line of NETS-brand ETFs from Northern Trust was unable to persevere through the market turmoil. As a result, Northern Trust is reportedly getting out of the ETF business altogether. The seventeen funds were only able to reel in a combined $33 million by the end of 2008, according to a PRNewswire press release. [...]
No Capital Gains for NETS-brand ETFs in 2008
All 16 NETS-brand ETFs from Northern Trust Global Investments (NTGI) are in the same boat; they have declared zero year-end capital gains distributions for the entire product class. The expanding group of NETS ETFs provides access to various markets around the world. A PRNewswire press release reported zero capital gains for 2008 and lists each [...]
Dow Jones Indexes are Basis for New ETFs in U.S. and Europe
The Deutsche Boerse is the home of 22 new Dow Jones ETFs that have just been licensed to Commerzbank AG. The GlobeNewswire press release has identified the indexes as: Dow Jones EURO STOXX 50, Dow Jones EURO STOXX Select Dividend 30, Dow Jones STOXX 600, all 18 Dow Jones STOXX 600 Supersector indexes and the [...]
NASDAQ Going Irish: PowerShares Expected to Launch New ETF
As of June 28, 2008, a new index will be introduced from the NASDAQ OMX Group to capture the consistent growth of Ireland. Prime Newswire reports that the new index, known as the NASDAQ OMX Ireland Index (QIRL), is made up of 23 of the biggest Irish companies with a combined market capitalization of nearly [...]
European Pension Funds Shifting to ETFs in a Big Way
Invesco has released results from their latest European asset management survey to find ETFs now playing a major role in pension funds. The Financial Times article by Sophia Grene reports that this eighth European institutional asset management survey found 44% of institutional investors are now using ETFs in their pension funds, as compared with only [...]
