New ETF for emerging European markets.
Source: http://stockweb.blogspot.com/2008/06/new-etf-for-emerging-european-markets.htmlPosted on Monday, June 2nd, 2008 | In Current Market News, Europe, Exchange Traded Funds, Stocks to Watch
Contributed by: Vlada Kynsky (http://stockweb.blogspot.com/) -
At the end of April I informed you about new ETF focused on emerging stock markets in Central and Eastern Europe. iShares released MSCI Eastern Europe (IEER.L). ETF is listed on London Stock Exchange, Borsa Italiana, Euronext Amsterdam, Euronext Paris, Xetra Frankfurt and SWX Swiss exchange.
After SPDR S&P Emerging Europe (GUR) and Central Europe & Russia Fund CEF (CEE) it’s third fund with exposure on CEE markets.
As you can energy sector dominates followed by financial. Both make up more that half of ETF structure.
ETF constituents: Lukoil (LUKOY) 9,8%, Gazprom (OGZPY) 9,3%, Surgutneftegaz (SGTZY) 5,6%, Unified Energy System (USERY) 5%, MMC Norilsk Nickel (NILSY) 4,9%, OTP Bank (OTPGF) 4,5%, CEZ 4,2 %.
Last 5 posts by Vlada Kynsky
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 About Vlada Kynsky (http://stockweb.blogspot.com/)
Vlada Kynsky studied economics and gained work experience as SAP analyst in information technology. His origin is in Czech Republic but due to different work assignments lived in many European countries. He explores mainly emerging markets. In his research he focuses on ETF and international stocks. Another area of interest are technology stocks. |
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