The fund will track the MSCI All Peru Capped Index, holding the top 25 Peruvian equity securities by free-float adjusted market cap, including those classified in Peru according to MSCI's methodology as well as securities of certain companies that are headquartered in Peru and have the majority of their operations based in Peru. Thirteen of the 25 index constituents are materials producers, providing investors with significant exposure to commodities. Top three index constituent names as of 03/31/09 are Buenaventura Minas, Southern Copper, and Credicorp. The fund's annual expense ratio is 0.63%.

"This new ETF is an excellent complement to BGI's existing Latin America funds, providing cost-efficient access and liquidity to the Peruvian market," said Noel Archard, Head of U.S. iShares Product Development.

"With the fastest growing economy in Latin America and one of the lowest inflation rates in the region(2), Peru's essentially untapped market offers diversification benefits and poses an attractive opportunity to investors," said Daniel Gamba, originally from Peru and CEO of Latin America for iShares.

Peru's Finance Minister Luis Carranza said, "This represents a great opportunity to invest in the Peruvian capital markets, which posted the best performance globally year to date in 2009(3). Peru represents one of the fastest-growing economies of Latin America. I am glad we can now trade Peru globally."

Peru has the third lowest EMBI (Emerging Market Bond Index) spread in Latin America, after Mexico and Chile, and an estimated economic growth rate of 3.5% in 2009, compared to the estimated regional growth rate of 0%(2). With the lowest average inflation rate in the Latin American region, strong macroeconomic fundamentals and a recent decline in fiscal and external vulnerabilities(4), the Peruvian market is now rated investment grade by S&P, Moody's and Fitch(5).

Advisors can visit ishares.com to learn more about iShares international ETFs and use the International Exposure Tool to evaluate country and sector exposures in individual ETFs or across a portfolio. The tool is designed to increase transparency in international investing and model alternative portfolio allocations to more precisely align with investor goals.