Topic: How To Invest

ISHARES MSCI GERMANY FUND $26.83 – New York symbol EWG


ISHARES MSCI GERMANY FUND $26.83
(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), 9.6%; Daimler (automobiles), 7.3%; Siemens (engineering conglomerate), 7.1%; Allianz (insurance), 7.1%; SAP (software), 6.8%; BASF (chemicals), 6.6%; Deutsche Telekom, 5.1%; BMW AG, 3.1%; Deutsche Bank AG, 3.1%; Munich Reinsurance, 2.9%; Linde AG (industrial gases), 2.9%; Deutsche Post, 2.5%; and Fresenius (health care), 2.4%.

The ETF was launched on March 12, 1996. Its expense ratio is 0.48%.

Weak European markets have slowed Germany’s growth this year, while ongoing sanctions against Russia continue to hurt German firms with a significant number of Russian customers. However, the low euro remains a big plus for its exports, and the long-term outlook for its economy is sound.

iShares MSCI Germany Fund is a buy.

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