Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ETF Providers Launch Specialized Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, August 09, 2005

ETF Providers Launch Specialized Funds

by: Theresa Sim

Barclays Global Investors and Powershares are heating up the race to provide even more specialized exchange-traded funds.

The latest from BGI are the iShares MSCI EAFE Growth Index Fund and iShares MSCI EAFE Value Index, "style" funds that are designed to provide growth and value slants by matching a subset of the companies in the MSCI EAFE index. The funds are based on indexes created by Morgan Stanley and have approximately 50 percent of the market capitalization of the companies on the MSCI EAFE index, respectively.

The funds have a net operating expense of 40 basis points.

BGI already offers an ETF based on the entire EAFE index, called the iShares MSCI EAFE Index Fund. That fund has approximately $16.66 billion in assets.

Meanwhile, ETF upstart Powershares is also doing its part to ensure that ETF investors have even more choice. The new ETF is designed to outperform "passive benchmark micro cap indices and other actively managed U.S. micro cap strategies," according to a press release.

The fund is based on the newly created Zacks Micro Cap Index, which is managed by Chicago-based Zacks Investment Research. The index consists of approximately 300 and 500 companies based on the company's evaluation of 2,300 micro cap stocks. Zacks monitor the companies listed on the index weekly and will remove or add companies, said PowerShares.

Powershares expects its new PowerShares Zacks Micro Cap Portfolio to open for trading on August 18.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use