iShares MSCI Austria ETF (ISVK)
XBER 
Summary
ISVK Chart
This Standout Europe Foreign Equities ETF May Surprise You
It's been a big year for ex-U.S. equities. Both broad international and market specific funds have delivered for ETF investors amid tariff concerns and a weakening U.S. dollar.
EWO: Valuations Still Look Cheap, But Probably Prudent To Book Profits Now
Since we last covered it, EWO has delivered a 35% return in 7 months and outperformed Eurozone and Global stocks by 1.46x and 1.30x, respectively. Despite Austria's improving GDP, growth is still expected to lag Europe in a big way, while consumption momentum is slowing and inflation risks are rising. CRE sector pressures are weighing on Austrian banks profitability this year, but EWO's top stock - Erste Group Bank AG is faring much better.
EWO: Financials And Cyclicals Explain The Poor Long-Term Performance
US stock valuations are extreme, so I'm seeking undervalued opportunities in overlooked markets like Austria. The iShares MSCI Austria ETF (EWO) offers exposure to Austrian stocks, with a 0.50% expense ratio, a 5.13% dividend yield, and only 19 holdings. Many of the holdings are cyclical, including banks, insurance companies, energy firms and construction-related companies.
iShares MSCI Austria ETF (ISVK) FAQ
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iShares MSCI Austria ETF Profile
| XBER Exchange | US Country |
Overview
The company is centered around an investment fund that dedicates a vast majority of its assets, at least 80%, to securities that comprise its underlying index. The objective is to mirror the economic characteristics of the component securities of this index. This focus allows the fund to potentially offer robust investment opportunities by tapping into the diverse performance of large-, mid-, and small-capitalization segments within the Austrian equity market. The fund operates with a non-diversified strategy, targeting those who wish to invest in the broad market spectrum of Austria through a single, consolidated investment vehicle.
Products and Services
- Market Capitalization-Weighted Index Investments:
The fund invests primarily in assets that align with the free float-adjusted market capitalization weightings of its underlying index. This approach is designed to ensure that investments reflect the true market valuation of the companies represented within the fund's portfolio, focusing on large-, mid-, and small-cap segments of Austria's equity market.
- Investments with Economic Characteristics Identical to the Underlying Index:
By investing in securities and instruments that have economic characteristics substantially identical to those of the components of its underlying index, the fund seeks to replicate the performance and risk profile of Austria's diverse equity market segments. This strategy offers investors a comprehensive exposure to the market's potential upside while maintaining a focus on the inherent risks associated with equity investments.
Contact Information
