The iShares PHLX SOX Semiconductor Sector Index Fund, the first unlevered exchange-traded fund based on the PHLX Semiconductor Sector Index, will commence trading on the Nasdaq Stock Market on 15 October.
This ETF is designed to track the performance of the PHLX Semiconductor Sector Index, the most widely recognised benchmark investors use to track the semiconductor industry.
The index is a known institutional benchmark and is the underlying index for 27 structured products, three ETFs, an index option and an ETF option.
"The PHLX Semiconductor Sector Index continues to evolve as a widely-recognised benchmark for a growing array of investment strategies," says John Jacobs, executive vice president, Nasdaq OMX global index group. "With the introduction of this new iShares ETF, investors now have another option to invest in a sector that is poised to be a leader on the road to US economic recovery."