Related ETFs

Ticker Fund name
EWAiShares MSCI Australia
EWKiShares MSCI Belgium Capped
EWZSiShares MSCI Brazil Small-Cap
EWZiShares MSCI Brazil Capped
EWCiShares MSCI Canada
ECHiShares MSCI Chile Capped
ECNSiShares MSCI China Small-Cap
ESRiShares MSCI Emerging Markets Eastern Europe
EEMiShares MSCI Emerging Markets
VWOVanguard FTSE Emerging Markets
EWQiShares MSCI France
EWGiShares MSCI Germany
EWHiShares MSCI Hong Kong
EIDOiShares MSCI Indonesia
EIRLiShares MSCI Ireland Capped
EISiShares MSCI Israel Capped
EWIiShares MSCI Italy Capped
SCJiShares MSCI Japan Small-Cap
EWJiShares MSCI Japan
EWMiShares MSCI Malaysia
EWWiShares MSCI Mexico Capped
EWNiShares MSCI Netherlands
ENZLiShares MSCI New Zealand Capped
EPUiShares MSCI All Peru Capped
EPHEiShares MSCI Philippines
EPOLiShares MSCI Poland Capped
ERUSiShares MSCI Russia Capped
EWSiShares MSCI Singapore
EZAiShares MSCI South Africa
EWYiShares MSCI South Korea Capped
EWPiShares MSCI Spain Capped
EWDiShares MSCI Sweden
EWLiShares MSCI Switzerland Capped
EWTiShares MSCI Taiwan
THDiShares MSCI Thailand Capped
TURiShares MSCI Turkey
EWUiShares MSCI United Kingdom
MCHIiShares MSCI China
ACWViShares MSCI All Country World Minimum Volatility
INDAiShares MSCI India
EMEYiShares MSCI Emerging Markets Energy Capped
EMDIiShares MSCI Emerging Markets Consumer Discretionary
Related ETF Lists
Asia-Pacific ETFs, China ETFs, Emerging Markets ETFs, Europe ETFs, Global ETFs, Japan ETFs, Latin America ETFs, Middle East and Africa ETFs, Oil ETFs, Total Market ETFs

Is iShares really saying it’s raising expense ratios on 40 ETFs in 2013? Apparently not.


(Editor's note: An earlier version of this story, sourced from regulatory filings saying fund fees would be heading higher on 40 ETFs, was not accurate, iShares officials said. They said the filings reflected conditions in the 12 months ended Aug. 31, 2012, and that current fund economics had changed, obviating a need to raise fees on the funds. A clarified repetition of the story follows, and we regret any confusion the original story caused.)


iShares, the ETF firm that created a stir two months ago with the launch of an ultra-cheap lineup of 10 “Core” funds, filed regulatory paperwork detailing fee increases on 40 funds in its lineup of 280 ETFs in separate prospectus updates, which would put its recent fee-cutting moves and its role in an industrywide fee war in a whole new light. But the paperwork reflects the fund economics for the 12 months ending Aug. 31, 2012, the firm said, so the fees won't be rising.

The funds involved include some of its bigger strategies, such as the $47 billion iShares MSCI Emerging Markets Fund (NYSEArca: EEM), the $9.33 billion iShares MSCI Brazil Fund (NYSEArca: EWZ) and many of its other popular single-country equity funds.

The changes in the prospectuses come annually, and reflect fund economics between Aug. 31, 2011, and Aug. 31, 2012, meaning changes in funds' assets since then have obviated the accuracy of the information detailed in the prospectuses, iShares officials told IndexUniverse. In other words, the information in the prospectuses no longer reflects current conditions, so no fees will be changing, the iShares officials said.

The paperwork, which was effective Jan. 1, also described decreasing fees on three other ETFs with MSCI indexes, and iShares officials said those expense ratios won't be changing either.

Even if the fee changes aren't even on the table, the 40 fee hikes described in the separate filings with the Securities and Exchange Commission would be modest in percentage terms.

As an example, iShares is increasing the annual expense ratio on its huge fund EEM by nearly 3 percent. Investors will now pay 0.69 percent instead of 0.67 percent, or $69 for each $10,000 invested, compared with $67 previously. VWO, by comparison, costs 0.20 percent a year.

In any case, the 40 funds whose prospectuses described higher fees, and their percentage moves, are as follows:



Want to learn more about smart-beta ETFs? Check out our smart-beta guide, essentials library and ETF screener!


International equity funds like 'IEMG' led inflows on Monday, May 18, as rising markets lifted U.S.-listed ETF assets to a record $2.174 trillion.

'SPY' and 'GLD' paced SSgA's issuer-leading outflows on Monday, May 18, as rising markets lifted total U.S.-listed ETF assets to a record $2.174 trillion.


By Olly Ludwig

Yields will one day head higher, so is it time to get bond exposure outside the U.S.?

By Rachael Revesz

Stop dancing around the subject, call women ‘women’ and let’s be a more visible part of this industry.

By Olly Ludwig

It’s no secret that hedge funds love ETFs, but what’s less appreciated is that their love of ETFs will likely spell their demise.

By Olly Ludwig

Yes, bond yields are ticking higher these days, but it’s important to keep the whole yield-curve picture in mind.