Bringing you live news and features since 2006 

New Zealand

iShares launches MSCI New Zealand Investable Market Index Fund

RELATED TOPICS​

BlackRock’s iShares exchange-traded funds business has launched the iShares MSCI New Zealand Investable Market Index Fund on the NYSE Arca.

The fund is the first ETF focused solely on the New Zealand market.

“The iShares MSCI New Zealand Investable Market Index Fund provides financial professionals, institutions and individuals first-to-market access to a developed country in the midst of a strong economic recovery,” says Noel Archard, head of US product at iShares, BlackRock. “As the trend for international investing via single countries increases, the new iShares fund further enhances our large single country iShares ETF lineup. Investors are increasingly interested in the precision of single country investing to implement international-focused investment strategies.”

According to the International Monetary Fund, New Zealand is expected to have real GDP growth of about three per cent per year in 2010 and 2011 with inflation targeted at one to three per cent in the medium term. The country’s economy has benefitted from high growth rates in the neighbouring economies of Asia and Australia.

The fund is designed to track the MSCI New Zealand Investable Market Index. The underlying index is a free-float adjusted market capitalisation weighted index designed to measure the performance of equity securities in the top 99 per cent by market capitalisation of the equity securities listed on stock exchanges in New Zealand. The largest sector weightings of the index include materials (23 per cent), telecommunications (16 per cent) and consumer discretionary (14 per cent).

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by