iShares Sees Growing Demand for Sector ETFs
(PRNewswire-Asia) — A new report from Barclays Global Investors (BGI), the parent company of iShares Exchange Traded Funds (ETFs), highlights expanding investor interest in Sector ETFs.
According to the report (Note 1), 2009 net new flows into Sector ETFs in Europe already total more than USD2.5 billion.
Year-to-date, Basic Resources has been the most popular sector with USD410 million in net new assets, followed by Banks with USD350 million.
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Sector ETFs aim to provide cost-efficient market participation for investors seeking diversified exposure to particular sectors of the economy. Sector ETFs can also serve as liquid and transparent vehicles for investors looking to express a specific view on the market.
Nick Good, CEO of iShares Asia-Pacific, commented on the growing global demand for sector ETFs: “Sector ETFs offer innovative solutions for investors who want targeted industry exposure without the risks of single stock concentrations. These products allow investors to pursue sector strategies while realizing the unique benefits of ETF investing including liquidity, transparency, cost-effectiveness, and trading flexibility. At iShares, we believe that all investors ought to have awareness for sector investing strategies as well as the unique advantageous offered by Sector ETFs”.
Note 1: Barclays Global Investors ETF Landscape For the week ending 30
October 2009
Notes to Editors
About iShares ETFs
iShares ETFs are index funds managed by Barclays Global Investors (BGI) that are bought and sold like ordinary equities on a stock exchange. iShares ETFs are attractive to many individual and institutional investors and financial intermediaries because of their relative low cost and trading flexibility. Investors can purchase and sell iShares through any brokerage account. ETFs generally can be used to achieve many investment strategies:
-- for buy and hold investing
-- for active traders who wish to take advantage of market movements
-- for investors wishing to hedge the market
-- to enhance returns on cash deposits by equitising
-- as an alternative to futures and other institutional investment tools
For more information about iShares ETFs, please visit http://www.ishares.com
About Barclays Global Investors
Barclays Global Investors is one of the world’s largest asset managers and a leading global provider of investment management products and services with more than 2,900 institutional clients and US$1.7 trillion of assets under management as of 30 June 2009. BGI transformed the investment industry by creating the first index strategy in 1971 and the first quantitative active strategy in 1979.
Media Contacts
Barclays Global Investors
Angela Yeung
Tel: +852-2295-5241
Email: angela.yeung@barclaysglobal.com
Barclays Global Investors
Sam Tsui
Tel: +852-2295-5258
Email: sam.tsui@barclaysglobal.com
APCO Worldwide
Catherine Wong
Tel: +852-2826-9377
Email: cwong@apcoworldwide.com
APCO Worldwide
Priscilla Wong
Tel: +852-2826-9323
Email: pwong@apcoworldwide.com
SOURCE Barclays Global Investors
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