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Products August 11, 2003
Barclays Adds South Africa iShare to ETF Line Up
November 20, 2002 (PLANSPONSOR.com) - Barclays
Global Investors (BGI) has filed a prospectus with the
Securities and Exchange Commission to add the iShares MSCI
South Africa Index fund to its international exchange-traded
fund (ETF) product offerings.
Reported by Eric Hazard
The MSCI South Africa Index, a free float-adjusted market capitalization index designed to measure equity market performance in South Africa, seeks to accurately reflect the economic diversity of the South African market by targeting 85% of the free float-adjusted market capitalization in each industry group. Barclays is offering the iShare addition in response to institutional investor demand for iShare exposure in that country.
The South Africa Index will expand iShares international ETF current offerings of 33 international/global funds, including 5 emerging market funds: Brazil, Malaysia, Mexico, South Korea, and Taiwan.
Distributed by SEI Investment Distribution Co., iShares are index funds bought and sold like common shares on national and foreign exchange markets. A list of current iShare offerings can be found at www.ishares.com .