BlackRock has launched the iShares MSCI France Ucits ETF, which aims to provide exposure to about 85 per cent of the equity universe in France.
The fund consists of large and mid-cap companies, is fully replicating and physically backed, purchasing and holding all 73 constituents of the underlying index.
Single country funds continue to gain in popularity as investors use them to tilt portfolio exposure to specific countries and regions, according to the firm.
With this launch, iShares now offers eight single European country exposures including funds tracking the four largest weightings within the MSCI Europe index: UK, France, Germany and Switzerland.
Tom Fekete, head of product development for iShares in EMEA, said: “Investors are increasing their use of ETFs as they look to express views on specific regions, countries and sectors. This trend has been noticeable across various exposures globally.
