Dec 28, 2005
iShares New Phonak Co-Sponsor
iShares will co-sponsor the Phonak Cycling team for 2006 with an eye to becoming the main sponsor in 2007 when Phonak will bow out. iShares sponsorship shows an extension of Barclays Global Investors moving from main sponsor of the San Francisco Grand Prix to co-sponsoring a major Pro Tour Cycling Team.
Facts about iShares
iShares is the brand name for one of the world’s largest ranges of exchange traded funds (ETFs), which is marketed and managed by Barclays Global Investors (BGI). iShares manage over 129 funds listed globally, totalling over $150 billion. iShares funds are available to institutional investors and private investors. ETFs are index funds that are bought and sold like ordinary shares on a stock exchange and are a tool to gain diversified exposure to a market.