iShares is the world's largest ETF provider, with more than 500 funds, including over 275 ETFs in the U.S., and more than $645 billion of assets under management. iShares ETFs are built around leading index providers including Barclays Capital, Cohen & Steers, Dow Jones, FTSE, Markit Indices, JP Morgan, MSCI, Nasdaq, NYSE, Russell and Standard & Poor's. iShares funds are listed on the NYSEARCA, Chicago Board Options Exchange, BATS and Nasdaq. The ETFs provide investors with exposure to a variety of asset classes, including equity, fixed income, commodities (physical and futures-backed) and specialty ETFs.

In 1996, the iShares ETF family was started by Barclays Global Investors and Morgan Stanley with the launch of its first exchange-traded products under World Equity Benchmark Funds (WEBs). In 2000, iShares ETFs were launched in the U.S. and the United Kingdom, and the world's first bond iShares ETF in Canada. In 2009, Barclays Global Investors, including iShares, was acquired by BlackRock in a mixed cash-stock deal. BlackRock is the world's largest asset manager, with over $3.56 trillion in assets under management, a figure that represents a quarter of the U.S. GDP.

Headquarted in Jersey City, NJ, iShares ETFs have expense ratios that range between 0.07 and 1.02%, with an average expense ratio of 0.42%.

iShares\' top five largest funds by AUM.
Figure 7: iShares\' top five largest funds by AUM. Information current as of Feb. 8, 2013.



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