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ERUS

The first 29 days of November were relatively quiet from a product development perspective, with only a handful of new exchange-traded products hitting the market. But that all changed on the final day of the month, when iPath debuted a new breed of leveraged ETNs and newcomer VelocityShares rolled out six products linked to VIX-related indexes. Both November 30 launches highlighted ongoing trends in the ETF industry; exchange-traded notes continue to gain traction as investors become more comfortable with the inherent credit risk, while options for exposure to equity market volatility continue to multiply. [click to continue…]

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iShares continued the expansion of its product lineup on Wednesday, debuting the MSCI Russia Capped Index Fund (ERUS) on the NYSE Arca Exchange. The new ETF will track the performance of the MSCI Russia 25/50 Index, a benchmark that currently includes about 28 individual securities. All 25/50 indexes, such as the benchmark to which the Ireland ETF (EIRL) is linked, are constructed such that no single issuer represents more than 25% of the weight of the index and that all issues that individually represent more than 5% of the weight of the index do not in the aggregate represent more than 50% of the weight of the index. “The new iShares MSCI Russia Capped Index Fund offers greater precision and access to the 12th largest economy in the world1,” said Noel Archard, Head of US Product at iShares, BlackRock. “The new iShares fund further enhances our large single country iShares ETF lineup to respond to requests from financial advisors and investors for greater precision in implementing their international-focused investment strategies and interest in getting deeper access to emerging market stocks to help diversify portfolios.” [click to continue…]

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