iShares launches new emerging markets infrastructure ETF.
iShares, the world's largest 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) provider has announced the start of trading of the iShares S&P Emerging Markets Infrastructure Index Fund. The launch occurs at a time when ETF ETF
See Exchange Traded Fund.
See exchange-traded fund (ETF). net flows have been dominated by emerging markets ETFs. In May, emerging market ETFs' net flows captured approximately $6 billion of the total $14.9 billion in ETF net flows.
"Infrastructure is a rapidly growing investment theme that investors want to access. Global infrastructure spending is estimated to be $35 trillion in the next two decades due to a particular strain and need for infrastructure investment in the emerging economies," said Michael Latham Michael Anthony Latham (born 20 November 1942) was British Conservative Member of Parliament for Melton from February 1974 to 1983, and for Rutland and Melton from 1983 until he stood down in 1992. , iShares co-CEO.
Trading volumes in the iShares emerging markets funds have also been strong with more than 16 billion shares traded in 2009 (Jan-May), a 119 per cent increase compared with the same period last year.
"Financial advisors are investing in emerging market iShares Funds to access assets that have low historical correlations with equity and fixed income to further diversify their clients' portfolios over the long term. In addition, the currency exposure between the U.S. and emerging markets provides an additional layer of diversification benefits," Latham said.
This most recent offering of iShares in the US complements its pre-existing iShares S&P Emerging Market Infrastructure fund domiciled dom·i·cile
1. A residence; a home.
2. One's legal residence.
v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles
1. in Dublin, Ireland.
iShares S&P Emerging Markets Infrastructure Index Fund
The fund, with an annual expense ratio of 0.75 per cent, is designed to track the S&P Emerging Markets Infrastructure Index, which includes 30 of the largest publicly listed companies in the infrastructure industry and with majority of revenues derived from emerging market operations.
The index includes three sub-sectors: energy, transportation and utilities. As of May 29, 2009, the index was comprised of companies in the following markets: Argentina, Brazil, Chile, China, the Czech Republic Czech Republic, Czech Česká Republika (2005 est. pop. 10,241,000), republic, 29,677 sq mi (78,864 sq km), central Europe. It is bordered by Slovakia on the east, Austria on the south, Germany on the west, and Poland on the north. , Egypt, Malaysia, Mexico, South Korea and the United Arab Emigrates. As of May 29, 2009, each of the underlying constituents had a minimum market capitalisation Noun 1. market capitalisation - an estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share
market capitalization of $250 million.
2009 CPI (1) (Characters Per Inch) The measurement of the density of characters per inch on tape or paper. A printer's CPI button switches character pitch.
(2) (Counts Per I Financial. All rights reserved.
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