EWK
iShares MSCI Belgium ETFEWK Fund Description
EWK tracks 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 April 23, 2019 the iShares MSCI Belgium ETF MSCI ESG Fund Quality Score is 6.53 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 82nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
EWK CHARTS AND PERFORMANCE
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EWK Top 10 Countries
EWK Top 10 Sectors
EWK Top 10 Holdings [View All]
EWK Summary Data
EWK Portfolio Data
EWK Portfolio Management
EWK Tax Exposures
EWK Fund Structure
EWK Factset Analytics Block Liquidity
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
EWK Sector/Industry Breakdown
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EWK TOP 10 HOLDINGS[View All]
EWK Countries
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EWK Regions
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EWK Economic Development
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EWK Performance Statistics
EWK MSCI ESG Ratings
EWK BENCHMARK COMPARISON SUMMARY
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EWK BENCHMARK COMPARISON MARKET CAP SIZE
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MSCI ESG Research LLC’s ("MSCI ESG") Fund Metrics products (the "Information") provide environmental, social and governance data with respect to underlying securities within more than 24,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted to, nor received approval from, the US SEC or any other regulatory body. None of the Information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided "as is" and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information.