Monday 4 May 2009

More ETFs in Australia: iShares

iShares is another provider, offering exchange-traded funds (ETFs). iShares is owned by Barclays Global Investors. They offer 19 ETFs covering worldwide markets and indices. The web site offers plenty of data on fund constituents and performance. Some funds are geographical regional indices while others are sector indices.

Underlying fees amount to 0.48%. Since most indices are international but hedged to Australian Dollar, there is a currency risk involved. So, the total return from any index follows not only the index performance but also the relative performance of the Australian Dollar.

iShares web site

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