On Friday, there were 10 new exchange traded funds on the New York Stock Exchange. Barclays introduced ETFs with a narrow focus, tracking Dow Jones subsector indexes. The iShares funds now total 111 with over $207 billion in assets. The expense ratio for each of the 10 ETFs is 0.48%. The new ETFs are as follows:
- iShares DJ US Oil & Gas Exploration & Production IEO
- iShares DJ US Oil Equipment & Services IEZ
- iShares DJ US Pharmaceuticals IHE
- iShares DJ US Healthcare Providers IHF
- iShares DJ US Medical Devices IHI
- iShares DJ US Broker-Dealers IAI
- iShares DJ US Insurance IAK
- iShares DJ US Regional Banks IAT
- iShares DJ US Aerospace & Defense ITA
- iShares DJ US Home Construction ITB
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.