iShares lists Ucits ETF in London

london-stock-exchangeiShares has listed a Ucits exchange-traded fund (ETF) tracking the shares of the Euro Stoxx 50 index with the exception of financials on the London Stock Exchange.

The iShares Euro Stoxx 50 ex-financials Ucits ETF will invest blue chip stocks of 12 eurozone countries but avoid financial companies, such as banks and insurers.

“Investor appetite for Europe has surged in recent months and this new fund allows investors access to a broad, but potentially less volatile, Eurozone equity exposure,” iShares says in a statement.

“This can often form a core building block in portfolios while supporting investors who choose financials-focused funds, or single stock exposures, to complement their asset allocation.”

With an international security structure, the ETF can settle trades in a single pan-European location, which iShares says makes the process more efficient.

This is meant to improve and simplify the overall post-trade process while also helping to increase liquidity and reducing costs.

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