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iShares spins Eurotop ETF

iShares, an arm of Barclays Global Investors, has brought out the iShares FTSE Eurotop 100 exchange traded fund (ETF). This brings the number of EFTs in their range up to 12.

It gives investors the chance to track the FTSE Eurotop 100 index, the largest 100 companies in Europe including the UK. The index is made up of companies such as Volkswagen, L&#39Oreal, Tesco, Barclays and Nestle.

ETFs are tracker funds that blend the characteristics of individual shares with that of unit trusts and investment trusts. Like unit trusts and investment trusts, they invest in a range of shares, which gives them the advantage of diversity. But unlike unit trusts and investment trusts, ETFs can be traded on the stock exchange at any time like shares.

This enables investors to gain exposure to large, well-known European companies easily if they feel that the market looks good. They can also get in and out of the market quickly because the shares are traded on a daily basis.

The FTSE Eurotop 100 fund may interest sophisticated investors with a medium- to high-risk profile, who understand how stockmarkets work. Tracking an index is risky when, as has recently been the case, stockmarkets are falling. But the worst seems to be over and the Eurotop 100 index has risen over the last three months from 2685.98 points on November 31, 2001 to 2799.58 points on January 31, 2002.

However, ETFs are still a new concept for UK investors and it may take time for them to catch on as they have done in the US.


FSA lose credit for omitting key details in trees

The FSA is facing criticism from the industry for continuing to avoidproviding guidance in stakeholder decision trees on the issue ofwhether pension credits make it pay to save.The regulator is proposing that decision trees should be updated andmaintained through an annual cycle of review to keep them in linewith Government policy.But the proposals are aimed […]

A knotty problem

With the publication of the FSA consultation paper 121, multi-tiesnow appear to be inevitable. Having associated themselves so publiclywith the concept, it is doubtful that the FSA will dramaticallychange its proposals now.Questions remain in many IFAs&#39 minds about what exactly is meant bythe multi-tied concept, given the noticeable lack of details in CP121.Prior to the […]

The generation game

While the FSA&#39s proposals may not seem immediately attractive toIFAs, this particular cloud may yet have a silver lining. FSAchairman Howard Davies said: “Our aim is to secure long-termimprovements for consumers through greater choice in the financialproducts available to them.”The current interpretation of “choice” is that it refers primarily tothe sales channel and through that […]

Inside edge

The world is changing, like it or not. But there are some things thatwill not change.Independent advice will always be the best way for most people toarrange solutions to their financial planning and investment needs.The big question is how are independents going to persuade clients touse their services rather than the “free” service of a […]

Technology & Fear

By Ali Unwin, Chief Technology Officer & Manager of the Neptune Global Technology Fund Fear has always been a key ingredient for technological experimentation and adoption, and today is no different. But when and where are these fears justified? asks Ali Unwin, Chief Technology Officer and Manager of the Neptune Global Technology Fund  Click here […]


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