iShares Launches 3 More Single-Country ETFs

May 11th at 1:00am by Tom Lydon

iShares recently came to market with three new additions to its long lineup of single-country exchange traded funds (ETFs) – including one aimed right at the United States economy and another tracking the Irish economy.

The new additions to iShares’ lineup are:

  • iShares MSCI Ireland (NYSEArca: EIRL)
  • iShares MSCI Indonesia (NYSEArca: EIDO)
  • iShares MSCI USA (NYSEArca: EUSA)

While the Ireland fund is currently the only one available on the market, it’s not the first Ireland fund ever created. Northern Trust had one in 2008 that closed along with the rest of its ETF lineup in early 2009. [Government Lends Irish Banks a Helping Hand.]

The Indonesia ETF gives investors exposures to one of the most dynamic and fast-growing economies in Southeast Asia. Indonesia is forecast to grow 6.5% this year. The fund will compete with an existing Indonesia ETF, Market Vectors Indonesia (NYSEArca: IDX), which was one of the top-performing ETFs last year. [A Lot to Love About Indonesia.]

The USA fund tracks a market cap-weighted index designed to measure the performance of the top securities in the United States listed on U.S. exchanges. The top three sectors are technology (19%), financials (16%) and health care (12%).

For more stories about new ETFs, visit our new ETF page.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.