The exchange-traded fund (ETF) provider iShares has switched the index of a small-cap product from FTSE to MSCI to obtain a tighter focus on European companies.
The iShares Developed Small-Cap ex North America ETF, which tracked the FTSE Developed Small Cap ex North America Index, has been renamed the iShares MSCI Europe Small Cap ETF, tracking the MSCI Europe Small Cap Index.
In July, MSCI said that during the first six months of 2014, ETF investors globally directed a larger proportion of new funds into MSCI index-based ETFs than those of any other index provider, and ETF providers launched more new funds based on MSCI indexes than those of any other index provider.
MSCI says over 650 ETFs track MSCI indices globally.
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