Barclays Global Investors’ exchange-traded fund arm iShares has reported a record year for growth in 2007, with assets under management increasing by 45 per cent from USD285bn to USD414bn,
Barclays Global Investors’ exchange-traded fund arm iShares has reported a record year for growth in 2007, with assets under management increasing by 45 per cent from USD285bn to USD414bn, thanks in large part to net new assets of USD69bn.
In Europe, iShares assets under management grew from EUR33.1bn to EUR39.5bn, with net new assets contributing EUR5.8bn. The most popular iShares funds with investors in Europe were the iShares MSCI Emerging Markets, iShares DJ Euro Stoxx Select Dividend and iShares MSCI World.
Jennifer Grancio, head of iShares distribution for Europe says: ‘2007 was an active year for iShares. We continued to launch and list new products and successfully completed the integration of Indexchange, now BGI Deutschland.
‘Clients can now benefit from an even wider range of asset classes and a broader range of ETFs across Europe. Significantly, we saw even stronger demand for ETFs in the volatile markets of the second half of 2007.
‘Our product allows investors to use iShares to manage portfolios actively by using fixed-income and equity ETFs in their core portfolios – in addition to gaining access to harder-to-reach markets such as emerging markets and alternative ETFs for strategies in their satellite investments.’
Barclays Global Investors, a subsidiary of the UK’s Barclays Bank, is the world’s largest provider of structured investment strategies such as risk-controlled active strategies and indexing and offers more than 190 iShares ETFs worldwide.