iShares, the exchange traded funds brand of BlackRock, the US asset management giant, has launched an exchange-traded fund with an international security structure.

iShares, the exchange traded funds brand of BlackRock, the US asset management giant, has launched an exchange-traded fund with an international security structure.

The iShares EURO STOXX 50 ex-Financials UCITS ETF is a physically replicating fund which invests in blue chip stocks from 12 Eurozone countries, while excluding companies from the financial sector.

The firm said this would potentially provide investors with a less volatile exposure to Eurozone equities.

The fund has a total expense ratio of 20 basis points.

“Eurozone financial stocks are likely to exhibit volatility in 2014 and this ETF provides a building block for investors to express their views, by either side-stepping the sector or specifically targeting it by adding other financials-focused funds or single stocks to their portfolios," said Tom Fekete, head of product development for iShares EMEA.