Products March 8, 2004

BGI Launches Morningstar Style-Based iShares

March 8, 2004 (PLANSPONSOR.com) - Barclays Global Investors, N.A. (BGI) has entered into an agreement with Morningstar to launch iShares Trusts designed to track Morningstar's 16 style-based indices.
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Morningstar’s indexes track the US market by capitalization and investment style based on the firm’s proprietary Style Box methodology, according to a news release.   To get the new tracking funds off the ground, iShares Trust has filed a prospectus for nine iShares Morningstar exchange traded funds (ETFs) with the US Securities and Exchange Commission.   Those ETFs include:

  • Morningstar Large Value Index
  • M orningstar Large Growth Index
  • Morningstar Large Core Index
  • Morningstar Mid Value Index
  • Morningstar Mid Growth Index
  • Morningstar Mid Core Index
  • Morningstar Small Value Index
  • Morningstar Small Growth Index
  • Morningstar Small Core Index .

The new ETFs –index funds that are bought and sold like common stocks on national securities exchanges– have expense ratios that range from 0.20% to 0.30%.   More information about iShares is available at  www.ishares.com .

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