Summary
0JER Chart
EWL: Why This Fund Will Likely Lag Broader International Funds
iShares MSCI Switzerland ETF receives a Hold rating due to its mixed outlook versus broader international peers and less attractive valuation. EWL's top holdings—Nestle, Novartis, and Roche—offer stability and dividend growth but lag behind the growth of global tech leaders in VXUS. EWL has higher fees (0.50%) and a lower dividend yield compared to peer funds like VXUS, which also boasts greater diversification and lower costs.
EWL: Buy Swiss, Invest Globally
EWL offers exposure to Switzerland's resilient economy, with a focus on defensive, high-quality multinationals like Nestlé, Roche, and Novartis. The fund's concentrated portfolio is balanced by sector diversification and the global reach of its top holdings, supporting steady medium-term returns. EWL's expense ratio is reasonable given its liquidity and BlackRock's reputation, though dividend yield could be higher compared to peers.
EWL: Swiss Stocks Are Expensive, But They're High Quality Compounders
iShares MSCI Switzerland ETF (EWL) offers a stake in high-quality companies in a uniquely stable and decentralized nation. The ETF is quite concentrated, with the top three and top ten holdings accounting for 40% and 66% of assets, respectively. EWL benefits from the Swiss Franc's historical and ongoing outperformance against the U.S. dollar, enhancing long-term returns.
iShares MSCI Switzerland ETF (0JER) FAQ
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iShares MSCI Switzerland ETF Profile
| LSE Exchange | US Country |
Overview
The fund in question is an investment vehicle that primarily focuses on replicating the performance of its underlying index, which tracks the large- and mid-cap segments of the Swiss equity market. By allocating at least 80% of its assets in the securities that make up the index and in other investments with similar economic characteristics, the fund aims to offer its investors a focused approach to participating in the Swiss equity space. It operates with a non-diversified strategy, meaning it may concentrate its investments more heavily in fewer issues than a diversified fund would. The underlying index itself is a free float-adjusted, market capitalization-weighted index, underscoring the fund's emphasis on mirroring the market movements and performance of substantial Swiss enterprises.
Products and Services
- Component Securities Investments
The fund invests a substantial portion of its assets directly in the securities that are included in its underlying index. These investments are chosen based on their ability to replicate the economic characteristics and performance of the large- and mid-cap segments of the Swiss equity market. This method allows the fund to closely track the index's performance.
- Investments with Economic Characteristics Identical to Component Securities
In addition to direct investments in component securities of the underlying index, the fund also allocates assets to other investments that have economic characteristics substantially identical to those component securities. This could include derivative contracts or other financial instruments that mimic the performance of the index's securities, providing another layer of strategy aimed at achieving the fund's investment objectives.
Contact Information
