Key stats
About ISHARES MSCI ITALY ETF
Expense ratio
0.50%
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Inception date
Mar 12, 1996
EWI offers a small but comprehensive basket of large- and midcap Italian stocks. Its exclusion of small-caps gives the fund a tilt toward larger firms, including utilities giant Enel, but this exposure is pared back by regulated investment companies (RIC) limits under the current US Internal Revenue Code. This caps a single issuer at 25% of the index weight, and all issuers with weights above 5% do not cumulatively exceed 50% of the index. Keep in mind that Italian markets close just a few hours after the US markets, so short-term premiums or discounts to NAV may simply reflect price discovery by the fund. The fund may also invest up to 10% of its assets in futures, options and swap contracts. The index is rebalanced quarterly starting each February.
Classification
What's in the fund
Exposure type
Finance
Consumer Durables
Utilities
Stock breakdown by region