US - The American Stock Exchange (Amex), has teamed up with Barclays Global Investors (BGI) to open trading in five new iShares.
The exchange traded funds (ETFs) were created by BGI and are now available on Standard & Poor’s global indices: -iShares S&P Global Technology Sector Index Fund (symbol: IXN)-iShares S&P Global Telecommunications Sector Index Fund (symbol: IXP)-iShares S&P Global Energy Sector Index Fund (symbol: IXC)- iShares S&P Global Financials Sector Index Fund (symbol: IXG)-iShares S&P Global Healthcare Sector Index Fund (symbol: IXJ)
Amex currently lists 116 exchange traded fund (ETF) products. The new indices bring the total number of iShares listed on Amex to 76.
Commenting on the new indices, Lee Kranefuss, BGI's CEO of individual investor and ETF business, said: Whether investors want to be diversified by country, region or by global sectors, iShares are exceptionally suited to help investors build and adjust a global portfolio with the exact allocation that's appropriate for them.
Each of the above listed funds uses a representative sampling strategy to try and track the respective index.
By Janet Du Chenne
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