Barclays Global Investors Canada Ltd. announced today that the iUnits MSCI International Equity Index RSP Fund will commence trading on the Toronto Stock Exchange on September 11. The addition of this new exchange-traded fund will bring BGI’s family of iUnits to a total of 11.

The new ETF seeks to provide long-term capital growth by matching, to the extent possible, the performance of the MSCI Provisional EAFE index, while remaining fully RSP-eligible.

BGI Canada says the fund will achieve its goal by investing primarily in exchange-traded futures contracts based on the stock market indices in countries that are included in the Index as well as high quality short-term money market instruments.

The MSCI Provisional EAFE Index comprises 21 Morgan Stanley Capital International country indices representing the developed markets outside of North America: Europe, Australasia and the Far East. The index is widely recognized as a measure of international equity performance. Over the past 30 years the index has had an average annual Canadian dollar return of 13.11%.

“The new fund is an important addition to our lineup of exchange traded funds”, says Gerry Rocchi, president of BGI Canada. “. “When combined with the i60 and i500R, iIntR is the final piece needed for investors to be able to hold a stake in developed markets around the world solely through the use of iUnits,” he adds.

The management expense ratio for the fund is 0.35%. Its ticker symbol is XIN.