The Blackrock North American Equity Tracker fund has changed its objective from tracking the FTSE World Americas Index which includes all American markets (including Brazil and Mexico) as well as "developed markets". The new benchmark, the FTSE World North America Index will provide exposure only to developed markets in North America. This is likely to reduce the investment volatility of the fund.
Link to the 31 July 2010 Fund Sheet.
It is my opinion that this change is for the better, likely to result in reduced volatility. Exposure to emerging markets is met within other funds within portfolios. Note that the Blackrock fund has an annual management charge of just 0.20%
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