iShares Norway ETF Debuts On BATS Exchange
Continuing a brisk pace of new product introductions to start 2012, BlackRock's (NYSE: BLK) iShares introduced the iShares MSCI Norway Capped Investable Market Index Fund (BATS: ENOR), representing the first primary listing for the BATS Exchange operated by BATS Global Markets.
BATS became a U.S. primary listings venue on December 2, 2011, providing issuers with an innovative, cost-effective new venue to list their stock or exchange-traded product, according to the exchange operator.
iShares, the world's largest ETF issuer, plans to list seven more ETFs on BATS.
Those funds are as follows: iShares MSCI Australia Small Cap Index Fund (BATS: EWAS) iShares MSCI Canada Small Cap Index Fund (BATS: EWCS) iShares MSCI Finland Capped Investable Market Index Fund (BATS: EFNL) iShares MSCI Germany Small Cap Index Fund (BATS: EWGS) iShares MSCI India Index Fund (BATS: INDA) iShares MSCI India Small Cap Index Fund (BATS: SMIN) iShares MSCI United Kingdom Small Cap Index Fund (BATS: EWUS).
The iShares MSCI Norway Investable Market Index Fund will compete directly with the Global X FTSE 30 Norway ETF (NYSE: NORW), which debuted in November 2010. NORW has proven fairly popular with investors, attracting almost $46.5 million in assets under management since its debut.
The debut of the iShares MSCI Norway Investable Market Index Fund brings iShares' total of new ETFs in 2012 to six. IShares had 220 ETFs with $447.8 billion in AUM at the end of 2011.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.