iShares, the exchange-traded fund (ETF) business at BlackRock Asset Management Canada Ltd. (BlackRock Canada) Tuesday announced the launch of the iShares MSCI Europe IMI Index ETF, which seeks to track the MSCI Europe IMI (Investable Market Index).

The MSCI Europe IMI captures large-, mid- and small-cap representation across 15 of the developed markets countries in Europe, and includes 1,315 constituent equities.

The new fund’s management fee is 0.25% and was launched under the ticker TSX:XEU.