US - The American Stock Exchange and Barclays Global Investors are now trading in a new iShares product based on the MSCI EAFE Index Fund.
The US benchmark - MSCI EAFE(R) Index - measures international equity performance. It comprises 21 MSCI country indices, representing developed markets outside of North America - Europe, Australasia and the Far East - and uses a representative sampling strategy to track the Index.
iShares are the exchange traded funds (ETFs) managed by Barclays Global Fund Advisors, a subsidiary of Barclays Global Fund Investors. Amex and BGI have now a total of 66 iShares.
*Amex pioneered the concept of ETFs in 1993 with the introduction of trading in SPDRs(R) - Standard & Poor's Depositary Receipts(R), an exchange - traded unit investment trust based on the Standard & Poor's 500 Index(R). There are now 107 ETF products trading on the Amex, with assets totalling over $80bn.
By Madhu Kalia
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The funding gap across FTSE 350 schemes could be slashed by as much as £275bn if schemes look beyond traditional ways of creating value. Victoria Ticha examines how
There will be "many flavours" of defined benefit (DB) consolidators but consolidation will only be the right answer for a minority of schemes, Alan Rubenstein says.
Work and Pensions Committee (WPC) chairman Frank Field has questioned the regulator on what lessons it can learn from the experience of the Kodak Pension Plan No.2 (KPP2).