Barclays to Launch UK-based Technology ETF


iShares, a division of Barclays Global Investors (BGI), today announced the launch of a UK-based exchange-traded fund (ETF) called the iFTSE TMT. The new iShares ETF will begin trading on the London Stock Exchange within the extraMARK on Tuesday, 10/17/2000.

The ETF is based on the FTSE TMT Index, a new index with holdings in UK technology, media, and telecommunications companies drawn from the 350 largest companies in the UK market. The index will be calculated beginning on Monday, 10/16/2000.

Stock Holdings of the FTSE TMT Index

Company Name Weight
ARM Holdings 3.57%
Aegis Group PLC 1.34%
Atlantic Telecom Group PLC 1.18%
Baltimore Technologies PLC 1.34%
Bookham Technology PLC 2.97%
British Sky Broadcasting Group PLC 3.95%
British Telecommunications PLC 3.95%
CMG PLC 4.29%
Cable & Wireless PLC 3.46%
Carlton Communications PLC 1.26%
Colt Telecom Group PLC 3.95%
Daily Mail & General Trust PLC ( 'A' Ord) 1.62%
Dimension Data Holdings PLC 3.89%
EMAP PLC 1.29%
EMI Group PLC 1.54%
Energis 3.51%
Freeserve PLC 1.25%
Granada Media PLC 3.07%
Kewill Systems PLC 1.54%
Kingston Communications(HULL) PLC 1.24%
Logica PLC 4.66%
Marconi PLC 3.59%
Misys PLC 1.79%
Pearson PLC 4.10%
Psion PLC 1.45%
Reed International PLC 3.80%
Reuters Group 4.07%
Sage Group PLC 3.33% 1.32%
Sema Group PLC 4.48%
Spirent PLC 2.28%
Telewest Communications PLC 2.91%
Thus PLC 1.53%
United News & Media PLC 1.68%
Vodafone Group PLC 4.18%
WPP Group PLC 4.62%


The iFTSE TMT is the UK's second ETF, joining iShares iFTSE100, which was launched in April also by BGI. The annual management charges for the iFTSE TMT will be 0.5%.

"Now that the iFTSE 100 has successfully established itself on extraMARK, we expect the number and range of ETFs to grow significantly," said Martin Wheatley, Director of Markets at London Stock Exchange.