Topic: How To Invest

ISHARES MSCI GERMANY FUND $26.05 – New York symbol EWG


ISHARES MSCI GERMANY FUND $26.05
(New York symbol EWG; buy or sell through brokers) tracks the stocks in the MSCI Germany Index.

This index aims to replicate 85% of the market capitalization of the German stock market. The remaining 15% is unavailable for investment, partly due to limitations on foreign ownership.

The ETF’s top holdings are Bayer (diversified chemicals), 10.1%; Daimler (autos), 7.1%; Siemens (engineering conglomerate), 7.1%; BASF (chemicals), 6.7%; Allianz (insurance), 6.5%; SAP (software), 6.0%; Deutsche Telekom, 4.9%; Deutsche Bank AG, 3.7%; Linde AG (industrial gases), 2.9%; Munich Reinsurance, 2.9%; Volkswagen AG, 2.8%; BMW AG, 2.8%; Fresenius (health care), 2.4%; and Deutsche Post, 2.4%.

The ETF was launched on March 12, 1996. Its expense ratio is 0.48%. Weak European markets have slowed the country’s growth this year, while sanctions against Russia continue to hurt German companies with a significant number of Russian customers. However, the low euro remains a big plus for German exports, and the long-term outlook for the country’s economy is sound.

iShares MSCI Germany Fund is a buy.

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