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 |
|
Index Fund Advisors, Inc. (IFA) is a fee-only advisory and wealth management firm that provides risk-appropriate, returns-optimized,
globally-diversified and tax-managed investment strategies with a fiduciary standard of care.
Founded in 1999, IFA is a Registered Investment Adviser with the U.S. Securities and Exchange Commission that provides investment
advice to individuals, trusts, corporations, non-profits, and public and private institutions. Based in Irvine, California, IFA manages
individual and institutional accounts, including IRA, 401(k), 403(b), profit sharing, pensions, endowments and all other investment accounts.
IFA also facilitates IRA rollovers from 401(k)s and 403(b)s.
To find out more about the value of IFA
click here.
To determine your risk capacity, take the Risk Capacity Survey.