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ETFs

iShares MSCI Kuwait ETF

KWT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 1, 2020
Expense Ratio
0.74%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$337,200
AUM
$57,294,326
Associated Index
MSCI All Kuwait Select Size Liquidity Capped Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

NBK
National Bank of Kuwait
22.70%
KFH
Kuwait Finance House
22.49%
ZAIN
Mobile Telecommunications Company K.S.C
4.42%
AGLTY
Agility Public Warehousing Co
4.24%
MABANEE
Mabanee Co
3.83%
GBK
Gulf Bank of Kuwait
3.29%
HUMANSOFT
Human Soft Holding Co.
2.63%
ABK
Al Ahli Bank of Kuwait
2.39%
KPROJ
Kuwait Projects Company (Holding) K.S.C.P
2.32%
NIND
National Industries Group
2.32%
Invest with KWT

What is KWT?

The Fund seeks to track the investment results of the MSCI All Kuwait Select Size Liquidity Capped Index (the Underlying Index ), which is designed to measure the performance of the Kuwait equity universe. The Underlying Index is a free float-adjusted market capitalization weighted index with a capping methodology applied to avoid concentration. The Underlying Index targets to include at least 30 securities and 25 issuers. MSCI Inc. (the IndexProvider or MSCI ) begins with the MSCI All Kuwait 30 Index (the Parent Index ), which consists of equity securities of companies that (i) are classified in Kuwait according to the MSCI Global Investable Market Index Methodology, together with equity securities of companies that (ii) are either headquartered or listed in Kuwait and have a significant linkage to Kuwait (based on the geographic distribution ofany of the following criteria: the company s shareholder base, revenues, assets, management, employee base, history and country of incorporation), as defined and measured by MSCI, or (iii) have an economic exposure (based on the geographic distribution of a company s revenues) greater than 10% of Kuwait, as defined and measured by MSCI, where the criteria outlined in (i) and (ii) do not result in the target number of securities and issuers.

ETFs related toKWT

ETFs correlated to KWT include EELV, EEMV, DFEM

KWT
iShares Trust - iShares MSCI Kuwait ETF
EELV
Invesco Capital Management LLC - Invesco S&P Emerging Markets Low Volatility ETF
EEMV
BlackRock Institutional Trust Company N.A. - iShares MSCI Emerging Markets Min Vol Factor ETF
DFEM
Dimensional ETF Trust - Dimensional Emerging Markets Core Equity 2 ETF
EMXC
BlackRock Institutional Trust Company N.A. - IShares MSCI Emerging Markets ex China ETF
JEMA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan ActiveBuilders Emerging Markets Equity ETF
DFAE
Dimensional ETF Trust - Dimensional Emerging Core Equity Market ETF
FRDM
EA Series Trust - Alpha Architect Freedom 100 Emerging Markets ETF
AVEM
American Century ETF Trust - Avantis Emerging Markets Equity ETF
SPEM
SSgA Active Trust - SPDR Portfolio Emerging Markets ETF
AIQ
Global X Funds - Global X Artificial Intelligence & Technology ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toKWT

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with KWT using Composer

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FAQ

KWT is a Global Ex. US Equities ETF. The Fund seeks to track the investment results of the MSCI All Kuwait Select Size Liquidity Capped Index (the Underlying Index ), which is designed to measure the performance of the Kuwait equity universe. The Underlying Index is a free float-adjusted market capitalization weighted index with a capping methodology applied to avoid concentration. The Underlying Index targets to include at least 30 securities and 25 issuers. MSCI Inc. (the IndexProvider or MSCI ) begins with the MSCI All Kuwait 30 Index (the Parent Index ), which consists of equity securities of companies that (i) are classified in Kuwait according to the MSCI Global Investable Market Index Methodology, together with equity securities of companies that (ii) are either headquartered or listed in Kuwait and have a significant linkage to Kuwait (based on the geographic distribution ofany of the following criteria: the company s shareholder base, revenues, assets, management, employee base, history and country of incorporation), as defined and measured by MSCI, or (iii) have an economic exposure (based on the geographic distribution of a company s revenues) greater than 10% of Kuwait, as defined and measured by MSCI, where the criteria outlined in (i) and (ii) do not result in the target number of securities and issuers.

KWT tracks the MSCI All Kuwait Select Size Liquidity Capped Index.

No, KWT is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, KWT is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on KWT is -0.0291%. This is the percent change in the value of KWT over the most recent 1-month period. The 3-month return on KWT is -0.0447%. This is the percent change in the value of KWT over the most recent 3-month period.

The standard deviation of KWT for the past year is 0.1536%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to KWT include EWZ, EWW, and EWT.

ETFs correlated to KWT include EELV, EEMV, and DFEM.

ETFs that are inversely correlated to KWT include EDZ, BERZ, and SPXU.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.