Newest BGI ETF To Track Whole Market
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, October 22, 2003

Newest BGI ETF To Track Whole Market

Barclays Global Investors (BGI) has filed paperwork with the SEC in order to open an exchange-traded fund based on the S&P 1500 Index Fund. The eighty-second member of the iShares family would track the broad market by following the index.

The S&P Composite 1500 Index combines the S&P 500, S&P MidCap 400 and S&P SmallCap 600 Indices and represents approximately 90 percent of the total U.S. equity market capitalization.

"iShares clients are large users of the iShares S&P family of funds. They value S&P's reputation and index methodology along with the broad selection of S&P iShares," said Lee Kranefuss, CEO of BGI's Intermediary Business. "The iShares S&P 1500 Index Fund will fill the gap for an S&P total U.S. market iShare."

The index is a proxy for the U.S. equity market explained David Blitzer, chairman of the Index Committee at Standard & Poor's. He confirmed that BGI is the first ETF provider to license the index.

Printed from:

Copyright 2003, InvestmentWires, Inc.
All Rights Reserved
Back to Top