![]() ![]() Please note that you are required to read and accept the terms of our Privacy Policy before you are able to access our websites. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which our funds are authorized for sale. If you are uncertain as to whether you can be classified as an institutional, professional or qualified investor under the applicable rules of your jurisdiction of residence, then you should seek independent advice. On this website, financial intermediaries are investors that qualify as institutional investors, qualified investor, or professional investors in their respective jurisdiction of residence (as such term is defined by the applicable regulations in such relevant jurisdiction), acting as agents on behalf of non-U.S. and any partnership or corporation organized or incorporated under the laws of the U.S. Person” includes, but is not limited to, any natural person resident in the U.S. in accordance with Regulation S under the Securities Act pursuant to the terms of such investment product. Investment products described on the website may not be registered under the Securities Act or with any securities regulatory authority of any state or other jurisdiction and may not be offered, sold, pledged or otherwise transferred except to persons outside the U.S. Persons, and in compliance with all applicable laws and regulations of the relevant jurisdiction in which such materials will be distributed. Person and that you shall only distribute the materials contained in this website to non-U.S. Person, that you are not seeking to purchase an investment product for the account or benefit of a U.S. By accessing the website, you certify that you are a financial intermediary acting as an agent on behalf of a non-U.S. Securities Act of 1933, as amended (the “Securities Act”). Persons within the meaning of Regulation S under the U.S. For instance, its b2 investment products launched two years ago have repeatedly been said by rivals to be an expensive mistake.This website contains information intended only for financial intermediaries acting as agents on behalf of non-U.S. While the group has apparently had some success with the exchange-traded funds in the North American market, where investors are more prevalent, Barclays has had a checkered history at launching new products in Britain. The success of these exchanged-traded funds in Canada was highlighted by Matt Barrett, Barclays new Irish-Canadian chief executive last week at the bank's 1999 profits presentation as a reason for the business achieved by BGI.īGI, based in San Francisco, is already one of the world's biggest fund management groups, more than $680bn (£421.4bn) of assets for investors, most of which is in so-called index-tracking products. Index tracking involves buying shares to replicate an in dex as opposed to "active" fund managers which make decisions about which stocks to buy and sell on their merits. The iShares - known in Canada as iUnits - might prompt fears of greater distortion in the stock market where index-tracking funds are said to be behind the rise in demand for big stocks in the major indices. The products are different to existing unit trusts and investment funds in the way they are traded and the expected lower fees paid to the investment manager, in this case BGI.īut, they are also different to these more familiar products in that they allow investors to adopt more sophisticated trading strategies because iShares can be bought "on margin", allowing investors to borrow money to pay for them.īGI, which refused to comment yesterday, is expected to announce plans to unveil a whole range of products based on traditional indices as well as internet stocks.īy buying the iShares, investors will have almost instantaneous access to which ever stock market index is tracking rather than the delay they now experience by buying traditional unit trusts or investment trusts. The arrival of iShares in Britain is expected to mark a new way of investing in the stock market for both private and professional investors. Officially known as "exchange-traded funds", the launch of the products in Canada late last year has already prompted BGI to plan to unveil 51 similar investments in the United States later this year. The iShares will be similar to products that BGI is already selling to investors in Canada. ![]()
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