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Friday, November 12, 2004

BGI Exec Tolls Bell

by: Theresa Sim

Barclays Global Investors' Leo Kranefuss started Friday morning with a bang -- or a ring, rather.

The Chief Executive Officer of BGI's U.S. Intermediary Business rang the NYSE's opening bell, joined by Xinhua Finance executives.

The executives were there to recognize BGI's recent launch of the first mainland China exchange-traded fund available to U.S. investors.

The fund, called the iShares FTSE/Xinhua China 25 Index Fund, started trading on October 8. 

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