Horse Race

Parade of iShares Continues

Horse Race

Barclays Global Investors continues its rollout of iShares. By mid-July, there will be over 50 domestic and international iShare funds available covering just about every broad U.S. market sector, and most of the major international markets.

"Nearly four billion has been invested in iShares thus far, in part because iShares offer a compelling approach to asset allocation strategies. iShares combine low costs, broad diversification, tax efficiency and the flexibility of common stocks, with performance relevant to the index selected. With the launch of the additional products, iShares now offer a complete and modular set of sector funds," said Lee Kranefuss, CEO of BGI's Individual Investor business.

Beginning trading June 16 were 12 new funds, including a wide array of Dow Jones sector funds, as well as a Dow Jones U.S. Total Market fund. A Standard & Poor's/ TSE 60 Canada fund will also be unveiled. For Europhiles, on July 14, the S&P Europe 350 fund hits the market, while an MSCI EMU comes to the market on July 28.

As an added bonus, Barclay's reduced the expense ratios on many of their international MSCI funds effective May 13, 2000. Most MSCI iShares now have expense ratios of 0.84%, down from as high as 1.59%.

The parade of exchange-traded funds continues through July 28th, when Barclays launches iShares funds covering S&P 500/ BARRA Small and MidCap Growth and Value funds, as well as Russell 2000 and 3000 Growth and Value funds.

New MSCI iShare funds for Taiwan and Brazil have already been launched, despite the realignment of Brazil's index as well as regulatory snafus. The South African market was not so lucky, as the planned launch of the South Africa MSCI iShares has been put off indefinitely owing to the potential realignment of its index.

 

Complete List of iShares

Fund
Ticker
Expense Ratio
Date Available
S&P Europe 350
IEV
0.60%
7/14/2000
MSCI Brazil
EWZ
0.99%
7/14/2000
MSCI EMU
EZU
0.99%
7/28/2000
S&P MidCap 400/ BARRA Growth
IJK
0.25%
7/28/2000
S&P MidCap 400/ BARRA Value
IJJ
0.25%
7/28/2000
S&P SmallCap 600/ BARRA Growth
IJT
0.25%
7/28/2000
S&P SmallCap 600/ BARRA Value
IJS
0.25%
7/28/2000
Russell 2000 Growth
IWO
0.25%
7/28/2000
Russell 2000 Value
IWN
0.25%
7/28/2000
Russell 3000 Growth
IWZ
0.25%
7/28/2000
Russell 3000 Value
IWW
0.25%
7/28/2000
S&P 500
IVV
0.0945%
Available
Dow Jones Total Market
IYY
0.20 %
Available
Dow Jones U.S. Basic Materials Sector
IYM
0.60 %
Available
Dow Jones U.S. Chemicals
IYD
0.60 %
Available
Dow Jones U.S. Consumer Cyclical Sector
IYC
0.60 %
Available
Dow Jones U.S. Consumer Non-Cyclical Sector
IYK
0.60 %
Available
Dow Jones U.S. Energy Sector
IYE
0.60 %
Available
Dow Jones U.S. Financial Services Sector
IYG
0.60 %
Available
Dow Jones U.S. Healthcare
IYH
0.60 %
Available
Dow Jones U.S. Industrial
IYJ
0.60 %
Available
Dow Jones U.S. Real Estate
IYR
0.60 %
Available
Dow Jones U.S. Utilities Sector
IDU
0.60 %
Available
S&P/ TSE 60
IKC
0.50%
Available
Russell 1000
IWB
0.15%
Available
Dow Jones Internet
IYV
0.60%
Available
Dow Jones Technology
IYW
0.60%
Available
S&P MidCap 400
IJH
0.20%
Available
S&P 500/Barra Growth
IVW
0.18%
Available
S&P 500/Barra Value
IVE
0.18%
Available
S&P SmallCap 600
IJR
0.20%
Available
Russell 1000 Growth
IWF
0.20%
Available
Russell 1000 Value
IWD
0.20%
Available
Russell 2000
IWM
0.20%
Available
Russell 3000
IWV
0.20%
Available
Dow Jones U.S. Financial
IYF
0.60%
Available
Dow Jones U.S. Telecommunications
IYZ
0.60%
Available
MSCI Taiwan
EWT
0.99%
Available
MSCI South Korea
EWY
0.99%
Available
MSCI Australia
EWA
0.84%
Available
MSCI Austria
EWO
0.84%
Available
MSCI Belgium
EWK
0.84%
Available
MSCI Canada
EWC
0.84%
Available
MSCI France
EWQ
0.84%
Available
MSCI Germany
EWG
0.84%
Available
MSCI Hong Kong