iShares PLC FTSE Euro 100
28 September 2004
iShares public limited company
announces benchmark and name change for
iShares FTSE Euro 100 (the 'Fund')
On 15 October 2004 the benchmark of the Fund will change from the 'FTSE Euro 100
Index' to the 'FTSEurofirst 80 Index', subject to the approval of the Irish
Financial Services Regulatory Authority. The name of the Fund will also change
to reflect this change to the Fund's benchmark. The new name of the Fund will be
'iShares FTSEurofirst 80'.
The management fee will be reduced from its current total expenses ratio (TER)
of 0.55% to a new TER of 0.40%, which will be effective from the date of the
name and benchmark change.
The Directors of the Fund see this benchmark change as an opportunity to deliver
better value to our shareholders, and higher liquidity in the secondary market.
This information is provided by RNS
The company news service from the London Stock Exchange