IShares Makes Debut On Chilean Stock Exchange With 25 ETFs
BlackRock Inc.’s (BLK) iShares made their debut on Chile’s Santiago Stock Exchange on Wednesday, with 25 exchange-traded funds. The funds–which are open-ended funds that, like index mutual funds, represent portfolios of securities that track specific indexes–will give investors easier access to invest in international markets and stocks. The ETFs, as the funds are also known, can be bought and sold like stocks on an exchange,” Nasdaq Reports.
“We’ve seen a lot of interest among investors and traders for the exchange- traded funds,” said Jose Antonio Diaz with local brokerage Banchile Inversiones. The ETFs are especially useful for retail investors that otherwise couldn’t access international markets because of the high associated costs, Diaz said.
BlackRock recently completed a $13.5 billion acquisition of BGI, Barclay PLC’s (BCS) asset-management business, including the iShares ETF business.
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