Exchange-traded product provider iShares has made two further additions to its range, with the launch of a Mexico and Asia local government debt-tracking funds.
The iShares MSCI Mexico IMI Capped product has a total expense ratio of 0.65% and will track the performance of the MSCI Mexico IMI Capped index.
The cap will see the weight of the largest company in the index capped “periodically” at 30%, with the weight of any other companies capped at 20%.
The iShares Barclays Capital EM Asia Local Govt Capped Bond fund has a total expense ratio of 0.5%.
It will track the Barclays Capital Emerging Markets Asia Local Currency Govt Country Capped index, which invests in the local currency debt of Asian emerging market countries.
The index currently consists of Indonesia, Malaysia, the Philippines, South Korea and Thailand, with country weights capped at 40% of the index.