iShares MSCI Europe ETF (ticker: IMEU) has been listed in the London Stock Exchange (LSE) for slightly more than one year already. It offers broader market coverage than the iShares DJ STOXX 50 ETF (ticker: EUN) I use to cover European stock market. I am considering IMEU as a replacement for EUN.
|iShares DJ STOXX 50 (EUN)||iShares MSCI Europe (IMEU)|
|Fund Size||EUR 771,590,000||EUR 82,674,000|
|No. of Holdings||51||394|
|Tracking Error (1yr)||0.23%||0.11%|
Data taken from http://uk.ishares.com on 09 September 2008.
IMEU fund size is reasonable and tracking error is better than EUN. To examine its trading feasibility, I will need to track its premium/discount, bid-ask spread and buy/sell volume over a couple of weeks.