Signal & Noise: Macro Tests: Italy, Japan, IndiaThis piece was meant to focus on the number of major equity indices that are near all time highs, or attempting to break out of long term ranges, and how their behaviors around those prior highs over coming months will likely offer significant insight into what comes next. It evolved to something el
Key stats
About iShares Inc iShares MSCI Italy ETF
Home page
Inception date
Mar 12, 1996
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
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
Utilities
Consumer Durables
Stock breakdown by region
Top 10 holdings
EWI Short ITALY due to CoronavirusSource: Corriere della Sera
Over 150 cases of Coronavirus in Italy and 7 regions are blocked and many villages in quarantine. Austria blocked all trains coming from the regions ar risk. Risk on for Europe this week.
This present a potential short opportunity as the week starts. This idea provides
EWI Exhaustion GapEuro markets all threw gravestone dojis this morning, I should have bought some Italy puts. Looks ike an exhaustion gap, but in reality it was a gravestone in the actual index. (Pattern difference is caused because the markets aren't open at the same time.)
I bought some EWW (Mexico) puts instead
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EWI trades at 47.77 USD today, its price has risen 0.40% in the past 24 hours. Track more dynamics on EWI price chart.
EWI net asset value is 47.77 today — it's risen 7.93% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EWI assets under management is 481.94 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
EWI price has risen by 8.59% over the last month, and its yearly performance shows a 24.34% increase. See more dynamics on EWI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.93% over the last month, showed a 16.52% increase in three-month performance and has increased by 30.53% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 7.93% over the last month, showed a 16.52% increase in three-month performance and has increased by 30.53% in a year.
EWI fund flows account for −54.89 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EWI invests in stocks. See more details in our Analysis section.
EWI expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EWI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EWI technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EWI shows the strong buy signal. See more of EWI technicals for a more comprehensive analysis.
Today, EWI technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EWI shows the strong buy signal. See more of EWI technicals for a more comprehensive analysis.
Yes, EWI pays dividends to its holders with the dividend yield of 3.07%.
EWI trades at a premium (0.00%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EWI shares are issued by BlackRock, Inc.
EWI follows the MSCI Italy 25-50. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Mar 12, 1996.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.