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Barclays doubling its iShares product range

The firm says it is responding to demand for ETFs offering diversified exposure to fixed income markets, prop-erty, Eastern Europe, the Far East and emerging markets.

The ETFs are listing over a three-week period on the London Stock Exchange and include funds giving exposure to the MCSI emerging mar- kets index, the MCSI world index, MCSI Brazil, Korea, Taiwan and Far East excluding Japan indices as well as the Dow Jones Euro Stoxx growth, value and select dividend indices and the FTSE European property index fund.

Exchange traded funds are index funds bought and sold like ordinary shares on the Stock Exchange, with the benefit of giving diversified exposure to markets with liquidity lower charges than Oeics or investment trusts.

iShares Europe chief executive Chris Sutton says: “This launch reflects our strategy to offer a more complete product set to our investors, who have been asking for these types of funds. Our expanded set of 28 iShares ETFs opens up entirely new investment horizons to our clients.”

Seven Investment Man- agement director Justin Urq-uhart Stewart says: “For advisers and investors directly there has, until now, been a very limited range of ETFs available. iShares are allowing direct access to specific markets and broader investment themes and this is tremendously exciting. It is a red-letter day for investment managers and advisers looking after their clients’ investments.”

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