's giant exchanged-traded fund (ETF) business iShares
will launch seven new country-focused funds this spring.
The new international ETFs include the MSCI USA Index Fund, MSCI Brazil Small Cap Index Fund, MSCI Egypt Capped Investable Market Index Fund, MSCI Ireland Capped Investable Market Index Fund, MSCI Russia Capped Index Fund
and iShares MSCI Philippines Investable Market Index Fund
. Like other iShares funds, they track their respective MSCI indexes, as the fund names suggest.
with the SEC on Jaunuary 29, and plans to launch the funds by March 7. The net expense ratios have not yet been determined.
iShares has enjoyed much success on its international funds recently. The iShares MSCI Emerging Markets ETF
was the top performing fund on the list of the 25 largest international funds, up 68 percent for the year, according to Lipper data.
With more than 180 ETFs in its line-up, iShares has been consistently launching funds month after month. Recent new offerings include the iShares 10+ Year Credit Bond Fund
, iShares 10+ Year Government/Credit Bond Fund
and a "genocide free" fund> The firm is also considering actively-managed ETFs.
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