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Blackrock brings Poland to iShares range

BlackRock has introduced the first London-listed exchange traded fund giving exposure to Poland, bringing the number of iShares listed on the London Stock Exchange to 100.

The company says the Polish economy is one of the biggest in the European Union and one of the fastest growing in Central Europe. It developed the new product to meet investor demand for single country emerging market ETFs.

The ETF, which is will provide exposure to Poland by tracking the MSCI Poland index, which comprises over 20 big and medium sized 
Polish equities. The ETF will invest mainly in the financials and energy sectors but also in utilities, materials, telecommunications and industrial sectors.

BlackRock says the ETF provides investors with 
instant and transparent exposure to an attractive and hard-to-access market. Unlike some ETFs that use derivatives to replicate the performance of an index, this fund will track the MSCI Poland index by physically investing in the underlying assets. Dividends will be automatically reinvested in to the ETF to remove the administrative burden of processing regular cash flows and dividends paid by the fund.

The ETF may appeal to investors who are looking to diversify existing emerging market holdings with an allocation to Poland, and who want the liquidity offered by an ETF.

Polish equities are relatively undervalued, so positive news may lead to big rises in share prices. The sale of state-owned energy and financial assets and the expansion of private businesses are positive factors, but there are concerns such as rising national debt and the need for various reforms, including changes to the healthcare and pension systems.

Tracking a single country emerging market index is also higher risk and likely to form a small part of a client’s overall portfolio.


MPs don’t want CPMA to be consumer champion

MPs have called on the Government to scrap plans to promote the new Consumer Protection and Markets Authority as a consumer champion. In its report on regulatory changes, published last week, the Treasury select committee says using the phrase could mislead consumers. It says: “We strongly urge the Government to drop the title of consumer […]

Nest confirms annuity panel tender

Nest has issued a tender for a panel of annuity providers as it looks to build its shopping around process. The tender, revealed in Money Marketing last month, will focus on offering choice to scheme members with small pension pots. Enhanced and impaired life products will also be made available through the panel, with members […]

Axa IM launches UK mid cap fund

AXA Investment Management has today announced its intention to launch a UK mid cap fund. The fund launch is anticipated to occur in early March but it is still subject to FSA approval. The fund will be managed by Chris St John, currently a portfolio manager for AXA Framlington. St John has over 11 years […]

Syme and Wimborne leave Barings for JOHCM

James Syme and Paul Wimborne, emerging market fund managers at Barings, are leaving the firm for JO Hambro Capital Management. The hire at JOHCM comes ahead of the launch of a new emerging markets fund later this year. JOHCM has stressed that the core approach of the new fund will differ from the existing JOHCM […]

Testing the Foundation

The global economy isn’t headed into recession, at least not yet. This month, David Lafferty, Chief Market Strategist at Natixis Global Asset Management, examines current capital market and portfolio risks for signs of recession. Click Here for Capital Market Notes


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