With European economies still facing down the uncertainty from potential sovereign debt problems, Eurozone investors have funneled more money into exchange traded funds that follow U.S. markets.
Notably, BlackRock‘s iShares ETF division recently announced that its Europe-listed iShares S&P 500 ETF has garnered over $10 billion in assets under management, which coincides with its 10th year of operation, according to ETF Strategy.
Back States-side, the U.S.-listed S&P 500 Index Fund (NYSEArca: IVV) is at $29.4 billion in assets.
”As investors watch US events closely, those with a tactical interest in US equities will be searching for the best product to meet their needs,” David Gardner, Head of iShares EMEA Sales, said in the ETF Strategy article. “As the largest European ETF with exposure to the US equity market, the iShares S&P 500 fund may be of benefit to some investors.”
Gardner noted that the fund provides an efficient way for European investors to gain exposure to the U.S. market.