Expanding on its suite of “Core” exchange traded funds, iShares has launched a broader international developed markets option to help investors gain more comprehensive exposure to foreign stocks.
BlackRock’s iShares recently rolled out the iShares Core MSCI International Developed Markets ETF (NYSEArca: IDEV). IDEV comes with a 0.07% expense ratio.
The new international developed markets ETF will try to reflect the performance of the MSCI World ex USA Investable Market Index, which is comprised of small-, mid- and large-cap developed market equities outside the United States.
The underlying index includes company stocks from North America, Europe, Australasia and the Far East regions, and consisted of securities from 22 developed market countries, including Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland and the United Kingdom.
“With this welcome addition to the Core, investors now have the option of ‘all in one’ international exposure through IDEV, or more targeted exposure through IEFA which can be customized with exposure to Canada,” Martin Small, Head of U.S iShares, said in a note.