Barclays Global Investors, a San Francisco investment management unit of Barclays PLC, said Thursday that five iShares S&P Global Sector Exchange Traded Funds had begun trading on the New York Stock Exchange.
Processing Content
Introduction of the five exchange-traded portfolios gave the iShares family 10 global sector ETFs in addition to its 31 iShares U.S. sector funds, the company said. The new funds' annual expense ratio is 0.48%.
The iShares Funds are index funds bought and sold like common stocks on securities exchanges. They are attractive to individual and institutional investors and financial intermediaries because of their relatively low cost, tax efficiency, and trading flexibility.
