EWU Fund Description

The iShares MSCI United Kingdom Index Fund tracks a market-cap-weighted index of British companies. It covers the top 85% of British companies by market cap.

EWU ETF.com Insight

EWU holds a fairly concentrated basket of British large- and midcaps that, nevertheless, captures the UK space well. Its top 10 holdings together make up close to 50% of its portfolio, andEWU captures the UK space well and features abundant liquidity include big names like Royal Dutch Shell, HSBC and BP. EWU is the only ETF available that provides neutral, market-cap-weighted exposure to the U.K. EWU features abundant liquidity and trades well but its 0.51% expense ratio seems high for a fund holding only the biggest  companies. Despite our reservations about the fund's fee, its solid coverage and deep liquidity make it the clear Analyst Pick in the segment. (Insight updated 08/12/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 08/29/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

EWU
0.79% -0.83% 3.21% 16.91% 12.55% 10.55% -0.83%

EWU (NAV)
0.34% -0.38% 3.90% 17.56% 12.43% 10.45% -0.38%

MSCI United Kingdom Index
0.37% -0.26% 4.23% 18.19% 13.05% 11.07% -0.26%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

EWU Top 10 Countries

EWU Top 10 Sectors

EWU Top 10 Holdings View All

EWU Summary Data

BlackRock

A company that produces and manages ETFs.

03/12/96

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.51%

The net total annual fee a fund holder pays to the issuer.

$4.24 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$46.92 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.05%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

EWU Portfolio Data

$88.0 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

19.28

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

1.98

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

6.12%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

12/17/14

The date on which a security's price excludes an upcoming dividend.

106

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

EWU Index Data

MSCI United Kingdom Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Market Cap

A set of rules that the underlying index provider follows to select its constituent securities.

MSCI United Kingdom
Investable Markets

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to EWU

EZU, VGK, FKU

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

EWU ETF.com Efficiency Insight

EWU is an efficient, well-run fund. Its 0.51% expense ratio seems high for a fund focused on large companies in a well-developed market like the UK, but it's tough to find cheaper exposure. It tracks its index well and iShares rebates a portion of securities lending revenue back to the fund which could serve to reduce costs moving forward. (Insight updated 08/12/2014)


Total Return
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 08/21/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

EWU
-1.93% -2.14% 2.36% 14.84% 14.54% 10.09% -2.14%

EWU (NAV)
-1.35% -1.29% 3.19% 15.57% 14.03% 10.27% -1.29%

MSCI United Kingdom Index
-1.31% -1.20% 3.51% 16.17% 14.67% 10.90% -1.20%

MSCI United Kingdom Investable Markets
-1.19% -1.10% 2.86% 16.06% 15.51% 11.56% -1.10%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

EWU Portfolio Management

0.51%

The net annual fee a fund holder pays to the issuer.

-0.64%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

-0.56%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.72%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

EWU Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

EWU Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

Yes

An indicator of whether or not a fund actively lends its portfolio holdings.

75% / 25%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

EWU ETF.com Tradability Insight

EWU is very easy to trade. On most days, over $30 million of shares exchange hands and spreads average a tight 5 bps. The fund charges a reasonable creation fee and—because it holds the biggest companies in the UK—underlying liquidity is strong; both factors contribute to EWU's strong block liquidity. Consider trading in the morning when the UK market is also open for better price discovery. (Insight updated 08/12/2014)

Average Spread

Premium/Discount

Volume

EWU ETF.com/ Block LiquidityAs of 08/29/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of EWU. EWU is rated a 5 out of 5.

EWU Tradability

2,285,237

It is the daily number of shares traded, averaged over the past 45 trading days.

$46.92 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

1,738,923

Median number of shares traded over the past 45 trading days.

$35.91 M

Median dollar value of shares traded over the past 45 trading days.

0.05%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.01

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.45%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

2.58% / -0.96%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

30.77%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

200,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

8.69

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.09%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

0.10%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

2,224

The total number of net outstanding options contracts for an ETF.

$20.53

The total market value of the assets that an ETF holds less fund expenses.

5

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

EWU ETF.com Fit Insight

EWU captures the UK equity market well. It excludes small-caps, so it tilts larger than our benchmark. It is also more concentrated, with close to 50% of its assets invested in its top 10 holdings. Still, for the most part, it looks very similar: It holds all of the biggest UK names, like Royal Dutch Shell, HSBC and Vodafone, and matches the overall sector exposure of the broad-based market very well. (Insight updated 08/12/2014)

EWU Sector/Industry BreakdownView All

EWU Segment Benchmark
22.63% 22.19%
18.06% 19.77%
14.62% 16.15%
8.74% 9.49%
9.26% 7.99%
7.61% 7.58%
8.94% 6.72%
3.79% 4.17%
1.75% 0.94%

EWU Geographic Exposure

EWU Segment Benchmark
99.47% 99.88%
0.11% 0.12%
0.31% --
0.10% --

EWU Segment Benchmark
99.78% 99.88%
0.11% 0.12%
0.10% --
99.87% / 0.13% 99.88% / 0.12%

EWU Performance Statistics

0.99

The degree to which the fund and its segment benchmark move up and down in unison.

0.99

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

0.98

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.99

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.06%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MSCI United Kingdom
Investable Markets

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

EWU Benchmark Comparison

EWU
106 Holdings
Segment Benchmark
356 Constituents
Shared Holdings
106 (Count)
 
87.12% (Weight)
EWUSegment Benchmark
$77.05 B$88.0 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

76%87%
18%13%
6%0%
0%0%
19.7019.28

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.011.98

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

2.58%2.69%

The weighted average of the current yield on the portfolio’s holdings.

356106

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

MediumMedium

The level of return contribution attributable to the average portfolio constituent.