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Barclays Will Issue 10 New Exchange-Traded Funds


Barclays Global Investors of San Francisco is adding 10 new exchange-traded funds to its line up of iShares exchange-traded funds, according to a preliminary prospectus filed late last month with the Securities and Exchange Commission.

Seven of the new funds will track Goldman Sachs indices. Barclays is the first firm to sign a licensing agreement to use Goldman Sachs indices in exchange-traded funds, according to Kerry Steele, a spokesperson with the firm.

The three other new exchange-traded funds will track indices offered by Frank Russell Company of Tacoma, Wash., according to the prospectus. All of the funds will be made available to investors sometime in the first quarter next year, Steele said.

The new funds that will track Goldman Sachs indices include: iShares Goldman Sachs Consumer Industries Index Fund, iShares Goldman Sachs Cyclical Industries Index Fund, iShares Goldman Sachs Financials Index Fund, iShares Goldman Sachs Health Care Index Fund, iShares Goldman Sachs Natural Resources Index Fund, iShares Goldman Sachs Technology Index Fund and iShares Goldman Sachs Utilities Index Fund.

The funds tracking the Russell indices include iShares Russell Midcap Index Fund, iShares Russell Midcap Growth Index Fund and the iShares Russell Midcap Value Index Fund.

The new funds bring the total of exchange-traded funds offered by Barclays to 59.