The iShares MSCI Emerging Markets Small Cap Index Fund ETF has started trading on August 18, ETF Daily News reports. The fund invests at least 90% of its assets in the securities of the MSCI Emerging Markets Small Cap Index and in depositary receipts representing securities in the index.
The fund will put all of its assets that are invested in Indian securities in a wholly-owned subsidiary located in the Republic of Mauritius. BFA will be the investment adviser to both the fund and the subsidiary. The fund is likely to lend securities representing up to one-third of the value of the fund’s total assets.
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