| iShares
Global Sector Funds hit the Market
By IndexFunds.com Staff
November 16, 2001 |
|
iShares continued its enthusiastic global expansion with the
launch of the world's first global sector funds. The funds began
trading today (11/16/2001) and cover global technology, telecom,
energy, financials and healthcare sectors. They are based on Standard
& Poor's Global Indexes.
"As the largest provider of international exchange-traded
funds in the
U.S., we're pleased to offer global sector iShares to investors,"
said Lee
Kranefuss, BGI's CEO of Individual Investor and Exchange-Traded
Funds
Business.
The 5 new funds bring the total number of ETFs traded worldwide
to 178 funds (with 116 of those Amex-listed) and 97 Barclays Global
Investors (BGI) ETFs globally (with 76 of those listed on the
Amex).
The funds are built on the S&P Global 1200, a composite index
consisting of six regional index components: the S&P 500,
the S&P Europe 350, the S&P/TOPIX 150 for Japan, the S&P/TSE
60 for Canada, the S&P Asia Pacific 100 and the S&P Latin
America 40.
The new funds include:
- iShares S&P Global Technology Sector Index Fund (Symbol:
IXN)
- iShares S&P Global Telecommunications Sector Index Fund
(Symbol: IXP)
- iShares S&P Global Energy Sector Index Fund (Symbol: IXC)
- iShares S&P Global Financials Sector Index Fund (Symbol:
IXG)
- iShares S&P Global Healthcare Sector Index Fund (Symbol:
IXJ)