And 5 New ETFs From... iShares

Roger Nusbaum submits: This has been some week for new ETFs, howyadoin? PowerShares listed five new global sector ETFs. iShares has five others so I guess the rounds it out. The five are:

• iShares S&P Global Materials ETF (MXI) which is 76% foreign and oddly seem to have two different listings (different countries it seems) of BHP Billiton totaling 7.8% of the fund.
• iShares S&P Global Consumer Discretionary ETF(RXI) which is 50% foreign and is heavy in auto stocks.
• iShares S&P Global Consumer Staples ETF (KXI) which is 44% foreign and looks, at first glance, like it will pay a pretty good dividend.
• iShares S&P Global Industrial ETF (EXI) which is 43% foreign and may be worth considering if for nothing else than its relatively small weight to General Electric Co. (GE) at 15.66%.
• iShares S&P Global Utilities ETF (JXI) which is 60% foreign.

I will look at these closer. I have used the other iShares Global ETFs in accounts where ETFs are the best tool, and I have wanted these five to come for a while; hopefully after further review I can find a use for them, but I will study that later.

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