Filings: Foreign Sector ETFs Planned By iShares
April 27, 2009
In a move expected to round out its lineup, iShares has filed to launch 10 international sector exchange-traded funds.
The firm already has some 38 sector ETFs for the U.S. and North America. It also has 11 different global funds focused on industries covering U.S. and foreign markets.
Now, iShares wants to boost its coverage to just non-U.S. developed and emerging markets divvied up by sectors.
No expense ratios were mentioned in the filings. The proposed iShares international sector ETFs will face several competitors, including a full lineup tracking S&P indexes sponsored by State Street Global Advisors. Most have tiny asset bases and charge 0.50% in annual expense ratios.
The proposed ETFs would be: