While ETFs with a major portion allocated in Apple have garnered a lot of attention recently, they’re not the only funds to have a dangerously high weighting in a single stock, according to an article on Benzinga.
A variety of ETFs covering sectors ranging from retail to emerging markets have stocks that account for a surprising amount of the fund’s weight. The article highlighted the following funds:
- iShares MSCI Switzerland Index Fund (NYSEArca: EWL): Nestle accounts for almost 23 percent of the fund
- iShares MSCI South Korea Index Fund (NYSEArca: EWY): Samsung holds 22.69 percent of EWY’s weight
- Market Vectors Retail ETF (NYSEArca: RTH): WalMart is 12 percent of RTH
- Global X FTSE Colombia 20 ETF (NYSEArca: GXG): Close to 16 percent of GXG is weighted in the Colombian oil company Ecopetrol
For more on the funds mentioned in the article, visit Benzinga.com.