.jpg)
Traded on the London Stock Exchange, Euronext Amsterdam, Borsa Italiana, Virt-Ex and SWX exchange, the iShares FTSEurofirst ETFs will track the performance of the largest listed pan-European companies. The FTSEurofirst index series is uniquely designed to capture the broadest available selection of European companies with minimal tracking error for both retail and institutional investors.
Mark Makepeace, Chief Executive of FTSE Group said, “When we created the FTSEurofirst Index Series in 2003, we aimed to develop the most accurate and flexible pan-European tradable index suite on the market. Since then, a number of product issuers have selected the index as the basis of financial products. BGI’s news that it will switch to the FTSEurofirst series is a strong indication of the relevance of the index to the market today and proves that its already become established as a pan-European market indicator.”
Jean-François Théodore, Chairman of the Managing Board and CEO of Euronext, said, “The gradual development of financial products based on the FTSEurofirst suite is establishing its position as the most attractive solution in terms of European indices – particularly when the products are launched by top-flight firms such as BGI. What is more, all these new products will further increase interest in FTSEurofirst derivatives quoted on Euronext.liffe and will help enhance the liquidity of the market”.
Bruce Lavine, Head of iShares Europe at BGI said, “We are always striving to improve the iShares product offering to investors. Tracking an improved benchmark that is increasingly visible to the investing community will benefit our existing shareholders and provide a better ETF in the long run for institutional and retail investors. Additionally, investors should also benefit from the existence of futures contracts on the new benchmark.”
For more information about the FTSEurofirst series, please visit www.ftseurofirst.com or contact the press offices below.
