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EWK

EWK

iShares MSCI Belgium Capped ETF
B

75
  • Overview
  • Efficiency
  • Tradability
  • Fit

EWK Fund Description

The iShares MSCI Belgium Capped ETF aims to track a market-cap weighted index of Belgian securities. It caps its largest holding at 25%.

EWK Factset Analytics Insight

EWK is the only ETF available covering Belgium, and provides an imperfect Fit to the market. No 1940 Act ETF can fully replicate the Belgian market due to RIC diversification rules. The colossal Anheuser-Busch InBev represents over half of the Belgian market, but RIC rules force funds to cap exposure to a single constituent at 25%. Therefore, EWK is forced to underweight Anheuser-Busch InBev to about a quarter of the total portfolio, and each sector outside consumer cyclicals is consistently overweighted by a few percentage points. That's about as representative a take on Belgium that you could get from an ETF. EWK sees decent liquidity and volume, generally trading at small spreads. EWK's underlying portfolio contains a large helping of small, less-liquid Belgian companies so price impact can be a concern when trading large blocks. EWK charges a high expense ratio for such a vanilla fund, but median tracking results indicate that realized holding costs are far less than quoted. Overall, EWK is the only game in town when it comes to Belgium, and it fulfills its role well.

EWK MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of October 22, 2017 the iShares MSCI Belgium Capped ETF MSCI ESG Fund Quality Score is 6.40 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. EWK ranks in the 16th percentile within its peer group and in the 81st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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EWK Top 10 Countries

EWK Top 10 Sectors

EWK Top 10 Holdings View All

EWK Summary Data

BlackRock
iShares
03/12/96
Open-Ended Fund
0.48%
$72.53M
$595.33K
0.1%

EWK Portfolio Data

$51.84B
22.88
1.94
2.35%
12/19/17
44

EWK Index Data

MSCI Belgium IMI 25/50 Index
Market Cap
Market Cap
MSCI Belgium Investable Markets

Related ETFs to EWK

N/A
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

EWK Portfolio Management

0.48%
-0.04%
0.02%
-0.13%

EWK Tax Exposures

20% / 39.6%
--
Qualified dividends
No

EWK Fund Structure

Open-Ended Fund
No
Yes
80% / 20%
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
TIMEPRICESHARES
11:56:4321.47100
11:56:4321.47100
11:56:4321.47400
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Bats BZX Real-time Quote - 18:10:28
Daily Spread
Premium/Discount
Volume

EWK Factset Analytics Block Liquidity

As of 10/23/17
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of EWK. EWK is rated a 3 out of 5.

EWK Tradability

28,258
$595.33K
23,089
$491.08K
0.1%
$0.02
0.01%
1.06% / -1.42%
None
31%
80,000
0.29
0.04%
0.69%
68
$21.57
3

EWK Sector/Industry BreakdownView All

EWKSegment Benchmark
45.71% 26.27%
20.09% 24.63%
9.95% 12.26%
7.88% 10.78%
7.39% 10.54%
1.53% 3.33%
1.10% 2.44%
0.85% 1.47%
0.54% 1.19%

EWK Geographic Exposure

EWKSegment Benchmark
100.00% 100.00%

EWKSegment Benchmark
100.00% 100.00%
0.00% / 0.00% 0.00% / 0.00%

EWK Performance Statistics

0.93
0.84
0.84
0.74
0.21%
MSCI Belgium Investable Markets

EWK MSCI ESG Ratings

6.4 / 10
16.47
81.48
22%
6.75%
131.27

EWK BENCHMARK COMPARISON

    EWK
    44 Holdings
    Segment Benchmark
    44 Constituents
    Shared Holdings
    44 (Count)
     
    79.14% (Weight)
EWKSegment Benchmark
65.41% 45.44%
24.72% 32.68%
9.29% 19.66%
0.58% 2.22%
2.64% 2.64%
-- High