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A staple diet from iShares

iShares, which is part of Barclays Global Investors, has added to its stable of European sector based exchange traded funds with the introduction of iBloomberg European staples.

This exchange traded fund aims to provide capital growth by tracking the newly created Bloomberg European investible staples index.

The index consists of large European companies involved in consumer products and services including cosmetics, electricity, food and gas. Christian Dior, Scottish Power and Tesco are examples of these companies.

Investors&#39 money is pooled to buy shares in companies that are listed on the index. Shares in exchange traded funds can be traded on the stock exchange like conventional shares. But like investment trusts and unit trusts, iBloomberg European staples invest in a range of shares which gives them the advantage of diversity.

This enables investors to gain exposure to well-known European companies easily if they feel that the market looks good. Similarly, they can sell their shares quickly if they do not want to weather the storm during market falls.

This may be an advantage for more sophisticated investors who are looking for an alternative way of gaining exposure to Europe. However, investors appear to be approaching stockmarket investments with caution at the moment and may not be willing to try a new concept.

Exchange traded funds may be too complicated to understand and investors may prefer to stay with familiar concepts like unit trusts.


IFAs boost business at Britannic by 23%

Britannic Group&#39s new business through IFAs has jumped by 23 per cent to£106m from £86m in the six months of this year compared with thesame period last year. It says the growth in IFA business is due to the strong performance ofsubsidiaries Britannic Retirement Solutions and Britannic Money. Annuity specialist Brit-annic Retirement Solutions sold £55m-worth […]

Aifa claims to be close to pact with GISC on dual rule

Aifa claims it could soon reach a deal with the General InsuranceStandards Council to end dual regulation of IFAs selling general insurancepolicies such as waiver of premium and unemployment cover. However, the GISC denies it is close to a compromise. Aifa believes product providers are standing in the way of the GISCblocking advisers regulated only […]

Treasury Select Committee names new chairman

The parliamentary Treasury Select Committee has announced today its new chairman will be Labour MP John McFall who represents the Scottish consitutency of Dumbarton, near Glasgow. Labour MP Jim Cousins was passed over for the chairmanship, despite the fact he is the most senior Government member on the committee of backbenchers.McFall, who previously served as […]

Advice for retiring types

This week, I want to look closer at an area of pensions which is certainto continue to attract an increasing amount of attention and provideendless interest and fees or commission for pension advisers not afraid ofa little additional technical detail, regulatory attention and,consequently, danger. Retirement income planning, until seven or eight years ago, consisted oflittle […]


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