The iShares MSCI Germany ETF is an exchange traded fund that seeks to track the results of the MSCI Germany Index. This is an index composed of equities in large- and mid-sized companies in Germany. An ETF is essentially a basket of assets tied to a specific index and represents an easier and more convenient way to invest as opposed to buying individual stocks. This fund is managed and administered by BlackRock, an investment company based in New York City that provides investors with a wide range of ETFs. The fund was established in 1996 and uses USD as its base currency.
Sectors covered by the assets held in this fund include financials, industrials, information technology, communications, healthcare, and consumer discretionary. The underlying index primarily consists of German stocks traded on the Frankfurt Stock Exchange, and the fund aims to give investors convenient and targeted exposure to the German stock market.
The fund can generally be expected to invest at least 80% of its assets in the component securities of its underlying index and in in depositary receipts representing securities in its underlying index. The iShares MSCI Germany ETF is listed on the NYSE, where it trades under the ticker EWG. |
