iShares

Developed International Equity ETFs

Why include developed international securities in a portfolio?

Over half of the world's equity market capitalization today comes from countries outside the United States.* Building a portfolio that combines foreign and domestic investments can result in a more diversified portfolio with unique opportunities for growth.

Portfolio applications for developed international

Many investors incorporate a strategic international equity allocation into their portfolios through tracking a diversified multi-regional index like the MSCI EAFE. The variety and flexibility of international single country and regional ETFs can translate into a wide range of portfolio strategy applications for investors looking to fine-tune their international exposures. For example, an investor who holds a broad international ETF like the iShares MSCI EAFE Index Fund but has a short-term negative view on one or more countries in the index can layer on tactical short positions** in those countries. In addition, country tilts can be implemented through adding long positions in single country ETFs to a diversified international position.

The availability of global sector-based ETFs means that investors can also use sector overlays to express views on specific sectors or to neutralize the implicit sector over- or underweights that can result from a portfolio’s country weightings.

View related funds below, or for a full listing of our Developed International equity ETFs, click here.

* Source: MSCI, as of 12/10.
** With short sales, an investor faces the potential for unlimited losses as the security's price rises.
Related Funds
EFA
iShares MSCI EAFE Index Fund
SCZ
iShares MSCI EAFE Small Cap Index Fund
EFG
iShares MSCI EAFE Growth Index Fund
EFV
iShares MSCI EAFE Value Index Fund
IFSM
iShares FTSE Developed Small Cap ex-North America Index Fund
EZU
iShares MSCI EMU Index Fund

Carefully consider the iShares Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses, which may be obtained by calling 1-800-iShares (1-800-474-2737), or by viewing or downloading a prospectus. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Asset allocation and diversification may not protect against market risk.

In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Securities focusing on a single country and narrowly focused investments typically exhibit higher volatility.

The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The iShares Funds ("Funds") are distributed by SEI Investments Distribution Co. ("SEI"). BlackRock Fund Advisors ("BFA") serves as the investment advisor to the Funds. BFA is a subsidiary of BlackRock Institutional Trust Company, N.A., neither of which is affiliated with SEI.

The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Cohen & Steers Capital Management, Inc., Dow Jones Trademark Holdings, LLC, European Public Real Estate Association ("EPRA®"), FTSE International Limited ("FTSE"), iBoxx®, JPMorgan Chase & Co., MSCI Inc., Morningstar, Inc., The NASDAQ OMX Group, Inc., National Association of Real Estate Investment Trusts ("NAREIT"), New York Stock Exchange, Inc., Russell Investment Group or Standard & Poor's, nor are they sponsored, endorsed or issued by Barclays Capital. None of these companies make any representation regarding the advisability of investing in the Funds. Neither SEI, nor BlackRock Institutional Trust Company, N.A., nor any of their affiliates, are affiliated with the companies listed above.

Neither FTSE nor NAREIT makes any warranty regarding the FTSE NAREIT Real Estate 50/Residential/Retail/Mortgage or Industrial/Office Index; all rights vest in NAREIT. Neither FTSE nor NAREIT makes any warranty regarding the FTSE EPRA/NAREIT Developed Real Estate ex-US/North America/Europe/Asia Index; all rights vest in FTSE, NAREIT and EPRA. All rights in the FTSE Developed Small Cap ex-North America Index vest in FTSE. "FTSE®" is a trademark jointly owned by the London Stock Exchange Plc and The Financial Times Limited and is used by FTSE under license.

© 2000-2012 BlackRock Institutional Trust Company, N.A. All rights reserved. iShares® is a registered trademark of BlackRock Institutional Trust Company, N.A. BlackRock® is a registered trademark of BlackRock, Inc. All other trademarks, servicemarks or registered trademarks are the property of their respective owners.

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