iShares Offers New Transportation Exchange Traded Fund.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Oct. 10, 2003 Barclays Global Investors Barclays Global Investors is a subsidiary of British-based Barclays Bank which is in the investment management industry. It is the largest corporate money manager in the world, with over £936 billion (US$1.77 trillion) under management as of March 2006[1]. (BGI) announces that the iShares Dow Jones Transportation Average The Dow Jones Transportation Average (also called the "Dow Jones Transports;" DJTA) is the oldest U.S. stock market index. Components Today, the index consists of the following 20 companies (weighted to adjust for stock splits and other factors): Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. today. The fund tracks the Dow Jones Transportation Average Index and has an expense ratio of 0.60%. This new fund will expand the iShares Dow Jones family line-up of sector ETFs, which has almost $3 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . The new iShares will be managed by Barclays Global Fund Advisors, a subsidiary of Barclays Global Investors, N.A. "We are pleased to add the iShares Dow Jones Transportation Average Index Fund to our current suite of Dow Jones sector funds," said Lee Kranefuss, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BGI's Intermediary Business. "Investors looking for exposure to transportation can now get it through this new ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). in a cost effective, tax efficient manner while diversifying their portfolios." "The Dow Jones Transportation Average has been measuring this market sector since 1884. Now investors will have the ability to participate in this sector through a product that is based on one of the most popular indexes in the U.S.," said Mike Petronella, President of Dow Jones Indexes. The Dow Jones Transportation Average Index measures the performance of the transportation sector of the U.S. equity market. Component companies include airlines, industrial transportation companies and general industrial services companies. The index is a subset of the Dow Jones Composite Average The Dow Jones Composite Average is a stock index that tracks 65 prominent companies. The average's components are every stock from the Dow Jones Industrial Average, the Dow Jones Transportation Average, and the Dow Jones Utility Average. Components
The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. and The Dow Jones Utility Average The Dow Jones Utility Average (also known as the "Dow Jones Utilities") is a stock index that keeps track of the performance of 15 prominent utility companies. Components . The index is a price-weighted index. iShares are index funds that are bought and sold like common stocks on national securities exchanges as well as certain foreign exchanges. iShares are attractive because of their relatively low cost, tax efficiency and trading flexibility. Investors can purchase and sell shares through any brokerage firm, financial advisor, or online broker, and hold the funds in any type of brokerage account. For a list of currently available iShares, visit www.ishares.com. Barclays Global Investors is one of the world's largest asset managers(a) providing structured investment strategies such as indexing, tactical asset allocation Tactical Asset Allocation (TAA) Portfolio strategy that allows active departures from the normal asset mix according to specified objective measures of value. Often called active management. It involves forecasting asset returns, volatilities, and correlations. , and risk-controlled active strategies. In the US, BGI is one of the largest active managers,(b) set apart by its risk-controlled approach. BGI managed over $897 billion in assets as of 6/30/03, and over 2,000 funds for more than 2,200 clients in 39 countries around the world. BGI is an innovator in investment management, applying science and technology to the investment process. BGI has over 2,000 employees worldwide and is owned by Barclays PLC, one of the UK's largest companies, and one of the world's leading global financial services providers, with operations in over 60 countries. (a) Source: "Special Report: Global Leaders," Pensions & Investments, September 02, 2002, p. 14. (b) Source: "Special Report: Money Manager Directory," Pensions & Investments (P&I), May 27, 2002, p.40 iShares are distributed by SEI Investments Distribution Co. (SEI). Barclays Global Fund Advisors (BGFA BGFA Barclays Global Fund Advisors BGFA Boston Globe Freelancers Association BGFA Barbados Game Fishing Association BGFA Belize Game Fishing Association BGFA Bulk Glass Forming Ability BGFA Berufsgenossenschaftliches Forschungsinstitut for Arbeitsmedizin ) serves as an advisor to iShares. Barclays Global Investor Services (BGIS) assists in the marketing of iShares. BGFA and BGIS are subsidiaries of Barclays Global Investors, N.A., which is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Barclays Bank PLC, none of which is affiliated with SEI. The American Stock Exchange is not affiliated with SEI or BGI. For complete information, including charges and expenses, request a prospectus by calling 1-800-iSHARES (1-800-474-2737). Read it carefully before you invest. iShares transactions will result in brokerage commissions and will generate tax consequences. Mutual funds and iShares are obliged to distribute portfolio gains to shareholders. Investing involves risk, including possible loss of principal. Diversification may not protect against market risk. In addition to the normal risks associated with investing, narrowly focused investments typically exhibit higher volatility. iShares are not sponsored, endorsed, issued, sold or promoted by Dow Jones & Company, Inc., nor does this company make any representation regarding the advisability of investing in iShares. (C) 2003 Barclays Global Investors. All rights reserved. iShares is a registered trademark of Barclays Global Investors, N.A. All other trademarks, servicemarks or registered trademarks are the property of their respective owners. |
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