iShares S&P India Nifty 50 Index Fund Starts Trading Today
November 20 2009 - 9:35AM
Marketwired
Barclays Global Investors, N.A. (BGI), the world's largest Exchange
Traded Funds (ETFs) provider(1), announced today that the iShares
S&P India Nifty 50 Index Fund (NASDAQ: INDY) began trading
today. The new iShares Fund is designed to track the S&P CNX
Nifty Index that represents the 50 largest and most liquid Indian
securities listed on the National Stock Exchange (NSE) of India.
iShares offers investors the widest selection of emerging market
ETFs with 18 regional and single country emerging market funds,
including the iShares S&P India Nifty 50 Index Fund. As of
October 31, 2009, 30% of iShares total net asset flows or US$9.8
Billion has gone into emerging market and single emerging
countries.(2)
"We're pleased to provide investors with an iShares ETF that
tracks one of the most investable and well-known India indexes.
Demand for Indian equities continues to be strong as India has a
differing set of companies and industries. In addition, the index,
like other emerging market indexes, has a low correlation with U.S.
equities, which offers the important added benefit of portfolio
diversification," said Noel Archard, head of U.S. iShares Product
Research and Development.
About Barclays Global Investors/iShares
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. BGI is the global product leader in exchange traded funds
(iShares) with over 380 funds globally across equities, fixed
income and commodities which trade on 16 exchanges worldwide.
iShares customer base consists of the institutional segment of
pension plans and fund managers, as well as the retail segment of
financial advisors and high net worth individuals.
Call 1-800-iShares to request a prospectus, which includes
investment objectives, risks, fees, expenses and other information
that you should read and consider carefully before investing.
Investing involves risks, including possible loss of principal.
Diversification may not protect against market risk.
In addition to the normal risks associated with investing,
international investments may involve risk of capital loss from
unfavorable fluctuation in currency values, from differences in
generally accepted accounting principles or from economic or
political instability in other nations. Emerging markets involve
heightened risks related to the same factors as well as increased
volatility and lower trading volume. Narrowly focused investments
and securities focusing on a single country may be subject to
higher volatility.
The iShares Funds are not sponsored, endorsed, issued, sold or
promoted by Standard & Poor's. This company does not make any
representation regarding the advisability of investing in the
Funds. Neither SEI nor Barclays Global Investors, nor any of their
affiliates, are affiliated with the companies listed above.
The iShares Funds ("Funds") are distributed by SEI Investments
Distribution Co. (SEI). Barclays Global Fund Advisors (BGFA) serves
as the investment advisor to the Funds. Barclays Global Investors
Services (BGIS) and Barclays Global Investors Fund Distribution
Company (BGIFDC) assist in the marketing of the Funds. BGFA, BGIS,
and BGIFDC are affiliates of Barclays Global Investors, N.A., a
majority-owned subsidiary of Barclays Bank PLC, none of which is
affiliated with SEI.
©2009 Barclays Global Investors, N.A. All rights reserved.
iShares® is a registered trademark of Barclays Global Investors,
N.A. All other trademarks, servicemarks or registered trademarks
are the property of their respective owners.
(1) Source: Morgan Stanley Investment Strategies and Bloomberg
as of 12/31/2008. Based on number of ETFs, AUM, and market
share.
(2) Source: Bloomberg, FactSet and BGI.
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