UK exchange traded fund (ETF) provider, iShares and FTSE are to launch two new ETF products offering access to the FTSE Eurotop 100 and FTSE Euro 100.
iShares - run by Barclay Global Investors (BGI) - will rename its existing iFTSE ExUK ETF to iShares FTSE Euro 100, with the benchmark changing from the FTSE ExUK to the FTSE Euro 100. The main difference will be that Swiss, Danish, Norwegian and Swedish companies will not be included and the fund will be priced in euros.
John Demaine, iShares director said: “The iShares FTSE Euro 100 will give a broader exposure across the Eurozone countries than is currently available from existing ETFs.”
Later this year iShares will also launch a product based on the FTSE Eurotop 100 index, which will be listed on the London and Euronext exchanges, providing pan-European exposure across blue chips.
By Madhu Kalia
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