iShares Floats MSCI China ETF

iShares has launched a newChinaexchange-traded fund (ETF). The iShares MSCI China Index Fund is the first China ETF to be benchmarked to the large- and mid-cap MSCI universe and provides exposure to the 85% of Chinese equities by market cap.

The portfolio is designed to track the MSCI China Index and to measure the performance of the top 85% of equity securities by market capitalization in the Chinese equity markets. The BlackRock unit will launch the fund on the NYSE Arca.

Click here for the release from Market Wire.