Barclays Launches 10 Subsector iShares ETFs

Roger Nusbaum submits: Barclays launched ETFs for the following sectors:

Oil & Gas E&P (IEO)
Oil Services (IEZ)
Pharma (IHE)
Healthcare Providers (IHF)
Medical Devices (IHI)
Broker Dealers (IAI)
Insurance (IAK)
Region Banks (IAT)
Aerospace & Defense (ITA)
Home Construction (ITB)

More from MarketWatch.

The iShares site is not updated yet to include these.

Given duplications with existing ETFs, some of these will turn out to be useful and most will not, which is OK. Of the myriad of new ETFs coming, about a quarter of them might be useful on this basis.

Comments

[Internet2k4:]

Will need to get under the hood to compare these with other offerings. The MERs for all are apparently .48%. According to ETF Connect, this undersells PowerShares insurance PIC at .6%. The RKH "regional bank" holder is fee-free but heavily weighted in a lot of national banks. The iShares normally trade in heavier volumes than direct competitors, and it's nice to get your orders filled.

2006 May 08 06:41 AM