Monday, June 2, 2008

New ETF for emerging European markets.

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 %.


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