Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

iShares launches non-financials European equity ETF

iShares launches non-financials European equity ETF

A new exchange-traded fund (ETF) from iShares will track European equities but will exclude financials, which comprise around a quarter of the underlying market.

Listed on the London Stock Exchange, the iShares Euro Stoxx 50 ex-Financials Ucits ETF will physically track blue-chip stocks from 12 Eurozone countries while avoiding banks and insurers. iShares believes this will make returns less volatile.

‘Eurozone financial stocks are likely to exhibit volatility in 2014 and this ETF provides a building block for investors to express their views, by either side-stepping the sector or specifically targeting it by adding other financials-focused funds or single stocks to their portfolios,’ commented Tom Fekete, head of product development for iShares in Europe, the Middle East and Africa.

The ETF has a total expense ratio of 0.2%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: why Chris Wyllie joined Connor Broadley

Profile: why Chris Wyllie joined Connor Broadley

Professional footballers are not renowned for their financial acumen, but former Millwall player James Connor is an exception to the rule

Wealth Manager on Twitter