January 27, 2012 at 06:00 AM EST
Industry Firsts: Denmark ETF (EDEN), Finland ETF (EFNL) Debut
After recently becoming the first issuer to list products on the BATS Exchange, iShares followed up with six more international equity products on Thursday. Three of the ETFs that began trading are the first of their kind, offering exposure to asset classes not previously accessible in the ETF wrapper: MSCI Denmark Capped Investable Market Index Fund (EDEN): This ETF is linked to the MSCI Denmark 25/50 Index, which caps the weighting to any one security at 25%. The index has about 38 holdings in total, with the largest allocations to Novo Nordisk (24%). EDEN has a unique sector breakdown; about 35% of the portfolio is in health care stocks, with another 25% allocated to industrials companies. Energy stocks, which usually make up a big portion of international equity ETFs, are not represented [see EDEN fact sheet]. MSCI Finland Capped Investable Market Index Fund (EFNL): This ETF is the first to offer [...] Click here to read the original article on ETFdb.com. Related Posts: Coming Soon To An ETF Near You: Finland, Small Cap UK Funds From iShares First Small Cap Singapore ETF Debuts Six Noteworthy ETF Innovations ETF Misnomers: Why You Never Judge A Fund By Its Cover iShares Planning Small Cap Country ETFs
After recently becoming the first issuer to list products on the BATS Exchange, iShares followed up with six more international equity products on Thursday. Three of the ETFs that began trading are the first of their kind, offering exposure to asset classes not previously accessible in the ETF wrapper:  MSCI Denmark Capped Investable Market Index Fund (EDEN): This ETF is linked to the MSCI Denmark 25/50 Index, which caps the weighting to any one security at 25%. The index has about 38 holdings in total, with the largest allocations to Novo Nordisk (24%). EDEN has a unique sector breakdown; about 35% of the portfolio is in health care stocks, with another 25% allocated to industrials companies. Energy stocks, which usually make up a big portion of international equity ETFs, are not represented [see EDEN fact sheet].  MSCI Finland Capped Investable Market Index Fund (EFNL): This ETF is the first to offer [...]

Click here to read the original article on ETFdb.com.

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