Expect new exchange-traded funds for the US, Japanese and world markets in the first quarter of ’07.
The long-awaited new Itrix products only need Financial Services Board (FSB) approval before they will be launched. The launch is expected to be in the first quarter of this year, and will introduce three funds, respectively focused on the US, Japanese, and world markets, says Itrix spokesperson Niels Penzhorn.
Itrix is an exchange-traded fund company that offers investor exposure to offshore markets. The two existing Itrix products provide exposure to the Euro Stoxx 50 and FTSE 100 stock market indices. These were listed October 2005 and have been a hit with private investors looking for a cheap way to invest offshore.
Read more at MoneyWeb.co.za
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