Globe World

iShares Global Sector Funds hit the Market

Globe World

iShares continued its enthusiastic global expansion with the launch of the world's first global sector funds. The funds began trading today (11/16/2001) and cover global technology, telecom, energy, financials and healthcare sectors. They are based on Standard & Poor's Global Indexes.

"As the largest provider of international exchange-traded funds in the
U.S., we're pleased to offer global sector iShares to investors," said Lee
Kranefuss, BGI's CEO of Individual Investor and Exchange-Traded Funds
Business.

The 5 new funds bring the total number of ETFs traded worldwide to 178 funds (with 116 of those Amex-listed) and 97 Barclays Global Investors (BGI) ETFs globally (with 76 of those listed on the Amex).

The funds are built on the S&P Global 1200, a composite index consisting of six regional index components: the S&P 500, the S&P Europe 350, the S&P/TOPIX 150 for Japan, the S&P/TSE 60 for Canada, the S&P Asia Pacific 100 and the S&P Latin America 40.

The new funds include:

  • iShares S&P Global Technology Sector Index Fund (Symbol: IXN)
  • iShares S&P Global Telecommunications Sector Index Fund (Symbol: IXP)
  • iShares S&P Global Energy Sector Index Fund (Symbol: IXC)
  • iShares S&P Global Financials Sector Index Fund (Symbol: IXG)
  • iShares S&P Global Healthcare Sector Index Fund (Symbol: IXJ)