ISHARES MSCI CHILE INVESTABLE MARKET INDEX FUND $45.70 (New York Exchange symbol ECH; buy or sell through brokers) is an ETF that aims to track the MSCI Chile Investable Market Index, which consists of stocks that are mainly traded on the Santiago Stock Exchange.
The fund’s top holdings are S.A.C.I. Falabella (retail), 9.2%; Empresas Copec SA (conglomerate), 8.6%; Enersis AS (electricity), 8.4%; Empresa Nacional de Electricidad (electricity), 6.7%; Cencosud SA (retailer), 5.7%; LATAM Airlines, 5.6%; Banco Santander Chile (banking), 4.7%; Banco de Chile, 4.3%; Empresas CMPC (pulp and paper), 4.2%; and Quimica y Minera de Chile (mining), 3.5%.
The fund’s industry breakdown is: Utilities, 24.9%; Financials, 17.6%; Consumer Staples, 13.3%; Consumer Discretionary, 10.9%; Materials, 10.5%; Industrials, 8.9%; Energy, 8.6%; Telecommunications, 2.7%; and Information Technology, 2.0%.
iShares MSCI Chile Investable Market Index Fund was launched on November 12, 2007. It has an expense ratio of 0.61%.
Chile is the world’s biggest copper producer and a major supplier to Asian markets. Its dependence on resources is something of a drawback to investment in Chile, particularly as Asian markets have slowed and copper prices have dropped. The long-term outlook for its economy remains sound, but we now see the iShares MSCI Chile Investable Market Index Fund as a hold.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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We are continuously in the process of improving our sites and services. If any new features or policies require a change to this current policy, we will post a clear notice of this change on pages of our site where the privacy policy appears. The principle behind this privacy policy is to collect information with your knowledge and consent.
What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Changes to this Policy
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TSI Network may revise this Policy from time to time.
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