EWI Profile
The iShares MSCI Italy ETF seeks to track the investment performance of its benchmark index, which is a free float-adjusted, market capitalization-weighted index. This index is specifically designed to measure the performance of large- and mid-capitalization companies within the Italian equity market. By focusing on these segments, the fund aims to provide investors with a comprehensive reflection of the performance of Italy's most significant publicly traded companies.
To achieve this objective, the fund generally allocates at least 80% of its assets to securities that are constituents of the index. This includes not only the direct holdings of the index but also investments with economic characteristics similar to those of the index's component securities. This investment strategy ensures that the fund remains closely aligned with the index's performance and provides a representative exposure to the Italian market.
The fund's investment approach is centered around the key sectors of the Italian economy, which include industries such as industrials, consumer goods, financials, and utilities. By targeting these large- and mid-cap companies, the ETF captures a broad spectrum of the Italian economy's core drivers, offering investors insights into Italy's economic landscape through its major enterprises.
As a non-diversified fund, the iShares MSCI Italy ETF provides focused exposure to the Italian equity market, concentrating on the largest and most influential companies within Italy. This makes it an ideal choice for investors looking to gain targeted exposure to Italy's key economic sectors and major market players, reflecting the performance and economic conditions of the Italian market.
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