iShares announces launch of iShares MSCI All Peru Capped Index Fund (EPU).
exchange traded funds Exchange Traded Funds (ETF)
Also known as ETF. A basket of stocks similar to an index mutual fund. However, there are a number of important differences between ETFs and mutual funds. (ETFs) , has announced the launch of the first Peru ETF ETF
See Exchange Traded Fund.
See exchange-traded fund (ETF). listed in the U.S. The iShares MSCI All Peru Capped Index Fund (NYSEArca: EPU EPU Energy Processing Unit
EPU Economic Planning Unit (Malaysia)
EPU E Pluribus Unum
EPU European Payments Union (organization formed after WWII)
EPU Emergency Power Unit ) began trading on June 19th on NYSE Arca For other uses of "ARCA", see ARCA.
NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an entirely online securities exchange on which both stocks and options are traded. .At the end of Q2 2009 the Global ETF industry had 1,707 ETFs with 3,066 listings, assets of $789.04 billion, from 93 providers on 42 exchanges around the world with plans to launch an additional 777 new ETFs. Globally, iShares is the largest ETF provider in terms of number of products, 386 ETFs, and assets of US$380.23 billion, reflecting 48.2% market share .
iShares announces launch of iShares MSCI All Peru Capped Index Fund (EPU)
iShares Marks the First ETF Family to Track Peruvian Market
iShares, the world's largest provider of exchange traded funds (ETFs) , has announced the launch of the first Peru ETF listed in the U.S. The iShares MSCI All Peru Capped Index Fund (NYSEArca: EPU) began trading on June 19th on NYSE Arca.At the end of Q2 2009 the Global ETF industry had 1,707 ETFs with 3,066 listings, assets of $789.04 billion, from 93 providers on 42 exchanges around the world with plans to launch an additional 777 new ETFs. Globally, iShares is the largest ETF provider in terms of number of products, 386 ETFs, and assets of US$380.23 billion, reflecting 48.2% market share .
The fund will track the MSCI All Peru Capped Index, holding the top 25 Peruvian equity securities by free-float adjusted market cap, including those classified in Peru according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. MSCI's methodology as well as securities of certain companies that are headquartered in Peru and have the majority of their operations based in Peru. Thirteen of the 25 index constituents are materials producers, providing investors with significant exposure to commodities. Top three index constituent names as of 03/31/09 are Buenaventura Minas, Southern Copper, and Credicorp. The fund's annual expense ratio is 0.63%. The underlying assets for the fund are in the following sectors: financials, industrials, consumer staples Consumer Staples
The industries that manufacture and sell food/beverages, tobacco, prescription drugs, and household products.
Proctor and Gamble would be considered a consumer staple company because many of its products are household and food related. , energy, utilities, and S-T securities.
"This new ETF is an excellent complement to BGI's existing Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. funds, providing cost-efficient access and liquidity to the Peruvian market," said Robert Broadwell, iShares Regional Business Director, GCC GCC: see Gulf Cooperation Council.
(compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). . "With the fastest growing economy in Latin America and one of the lowest inflation rates in the region , Peru's essentially untapped market offers diversification benefits and poses an attractive opportunity to investors," continued Broadwell.
Peru's Finance Minister Luis Carranza said, "This represents a great opportunity to invest in the Peruvian capital markets, which posted the best performance globally year to date in . Peru represents one of the fastest-growing economies of Latin America. I am glad we can now trade Peru globally."
Peru has the third lowest EMBI EMBI Emerging Markets Bond Index
EMBI Emergency Management for Business & Industry (Emerging Market Bond Index) spread in Latin America, after Mexico and Chile, and an estimated economic growth rate of 3.5% in 2009, compared to the estimated regional growth rate of 0%2. With the lowest average inflation rate in the Latin American region, strong macroeconomic mac·ro·ec·o·nom·ics
n. (used with a sing. verb)
The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. fundamentals and a recent decline in fiscal and external vulnerabilities , the Peruvian market is now rated investment grade by S&P, Moody's and Fitch .
Advisors can visit ishares.com to learn more about iShares international ETFs and use the International Exposure Tool to evaluate country and sector exposures in individual ETFs or across a portfolio. The tool is designed to increase transparency in international investing and model alternative portfolio allocations to more precisely align with investor goals.
The iShares funds are index funds that are bought and sold like common stocks on securities exchanges. The iShares funds are attractive to many individual and institutional investors and financial intermediaries Financial intermediaries
institution that provide the market function of matching borrowers and lenders or traders. because of their relative 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 Brokerage Account
An arrangement between an investor and a licensed brokerage firm that allows the investor to deposit funds with the firm and place investment orders through the brokerage, which then carries out the transactions on the investor's behalf. .
Carefully consider the funds' investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the funds' prospectuses, which may be obtained by calling 1-800-iShares or by visiting www.ishares.com. Read the prospectus carefully before investing. 2009 Al Bawaba (www.albawaba.com)
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