WEBS exchange-traded funds are to be re-branded as iShares MSCI, the US index provider says. The move was meant to give a consistent brand name for all exchange-traded funds managed by Barclays Global Investors, it says.
WEBS, or World Equity Benchmark Shares, are based on MSCI indices and have traded under that name since 1996. The newly-named iShares MSCI take in 18 individual countries.