iShares Begins Rollout of Four New International Sector ETF Suites
January 25, 2010 at 16:45 PM EST
Last Friday (1/22/10), BlackRock announced four new international sector product suites and the first five ETFs within those suites. If BlackRock follows through on the complete rollout, each suite will have funds for each of the 10 GICS sectors , or 40 new ETFs in all. International sector ETFs have not been terribly well-accepted by ETF investors, and this launch should help determine the ultimate fate of this currently struggling category. The four new international sector suites are based on MSCI indexes providing “useful building blocks within a larger MSCI-based international product set”: MSCI All Country World Index (ACWI) excluding US Sectors: 10 GICS…
