Blackrock launches France-focused ETF
The new fund aims to provide exposure to approximately 85% of the equity universe in France and consists of large and mid-cap companies. The fund is fully replicating and physically backed, purchasing and holding all 73 constituents of the underlying index.
“Investors are increasing their use of ETFs as they look to express views on specific regions, countries and sectors. This trend has been noticeable across various exposures globally," said Tom Fekete, head of product development for iShares in Emea.
The iShares MSCI France UCITS ETF has a total expense ratio of 0.25%.
With this launch, iShares now offers eight single European country exposures including funds tracking the four largest weightings within the MSCI Europe index: UK, France, Germany and Switzerland.
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