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January 01, 2011 at 07:00 PM
BlackRock added to its menu of emerging market funds by unveiling a new ETF linked to Russian stocks. The iShares MSCI Russia Capped Index Fund (ERUS) tracks a basket of 28 stocks with most of its industry sector exposure to energy (50.7 percent), materials (18.4 percent) and financials (14.5 percent).
“The new iShares MSCI Russia Capped Index Fund offers greater precision and access to the 12th largest economy in the world,” said Noel Archard, head of U.S. products at iShares, BlackRock. “The new iShares fund further enhances our large single country iShares ETF lineup to respond to requests from financial advisors and investors for greater precision in implementing their international-focused investment strategies and interest in getting deeper access to emerging market stocks to help diversify portfolios.”
