iShares announces launch of two international exchange-traded funds

By Toni Weeks

San Diego, Dec. 29 - iShares, Inc. has launched two new international funds that will be managed by BlackRock Fund Advisors, according to 497 filings with the Securities and Exchange Commission.

The iShares MSCI Emerging Markets Energy Sector Capped Index Fund generally invests at least 80% of its assets in securities or in depositary receipts representing securities of the MSCI Emerging Markets Energy 25/50 Index, which is designed to measure the performance of energy-related companies in emerging market companies. As of Dec. 1, the index consisted of issuers in 14 countries or regions. Component companies include oil, gas and consumable fuels, and energy equipment and services companies; the weight of any single component is capped at 25%.

The fund will trade on Nasdaq under the symbol "EMEY."

The iShares MSCI All Country Asia Information Technology Index Fund generally invests at least 80% of its assets in securities of or depositary receipts representing securities of the MSCI All Country Asia Information Technology Index, which is designed to measure the combined equity market performance of companies in the information technology sector of developed and emerging market countries in Asia. As of Dec. 1, the index consisted of companies in China, Hong Kong, India, Japan, South Korea and Taiwan. Component companies include information technology hardware, information technology services, software and semiconductors and semiconductor equipment.

The fund will trade on Nasdaq under the symbol "AAIT."

For either fund, all assets invested in India will be invested in a wholly owned subsidiary located in the Republic of Mauritius.

Christopher Bliss, Rene Casis, Diane Hsiung and Greg Savage will be the portfolio managers for both funds.

Both funds will have total annual fund operating expenses of 0.69%, which consists of a 0.69% management fee.

BlackRock Fund Advisors is based in San Francisco.

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