MSCI Inc. (NYSE: MSCI), a leading provider of investment decision support tools worldwide, is pleased to announce that the MSCI Frontier Markets 100 Index is the underlying index for a new ETF launched by BlackRock yesterday.
“We are delighted to have licensed another of our market-leading equity indices to BlackRock for the creation of the iShares MSCI Frontier 100 Index Fund,” said Diana Tidd, Managing Director and Head of the MSCI Index Business in the Americas. “As a tradable proxy for its broader parent index, the MSCI Frontier Markets 100 Index aims to cover the largest and most liquid securities across the Frontier Markets.”
Daniel Gamba, Head of iShares Americas Institutional Business at BlackRock, said, “Introducing this fund highlights our long-time relationship with MSCI, a highly-respected international index provider.’’
Designed for those facing various obstacles in replicating broader frontier markets indices, the MSCIFrontier Markets 100 Index puts a strong emphasis on tradability through three main features:
- A minimum liquidity level1is required for constituents of the index Only stocks exhibiting sufficient foreign room2are eligible for inclusion
- The number of constituents is limited to 100 at the time of an index review
For more information: MSCI Frontier Markets 100 Index Factsheet