UK’s Leading ETF provider launches iShares MSCI Poland ETF.…
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iShares marked the launch of its 100 th ETF product listing on the London Stock Exchange (LSE) with the first physical based ETF in Europe providing direct exposure to the Polish market.
The iShares MSCI Poland ETF aims to track the MSCI Poland Index, providing investors with good liquidity while offering targeted emerging market exposure in Eastern Europe. The ETF will invest predominately in financials but also in the utility, materials, energy, telecoms, and industrial sectors.
The fund is offered in an accumulating form, where dividends are automatically reinvested into the ETF to remove the administrative burden of processing regular cash flows and dividends paid by the fund. It is the twelfth single country exposure iShares has launched recently, including the listing of MSCI USA, MSCI Canada and MSCI South Africa in 2010 on the LSE.
Axel Lomholt, head of product development for iShares in Europe said: “The Polish economy is one of the largest in the EU and also one of the fastest growing in Central Europe. The iShares MSCI Poland ETF will invest predominately in the financials and energy sector, helping to meet investor demand for emerging markets.
“We are delighted to start 2011 with several significant milestones including the first London listed
ETF giving exposure to Poland, 100 ETFs listed on the LSE – more than any other provider – and over US$100 billion in European assets under management. iShares is committed to expanding its range of ETFs to meet clients’ needs for innovative products, offering targeted exposure to a wide range of asset classes combined with transparency, diversification and liquidity. We look forward to broadening our presence and product set throughout Europe over the coming year.”
Source: ETFWorld – BlackRock
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