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ETFs

iShares MSCI Kuwait ETF

KWT
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 01 2020
Expense Ratio
0.74%
Type
Global Ex. US Equities
Fund Owner
Blackrock (iShares)
Volume (1m avg. daily)
$46,279
AUM
$49,255,255
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
22.48%
KFH
KUWAIT FINANCE HOUSE
22.11%
n/a
USD CASH
6.06%
ZAIN
MOBILE TEL
4.66%
AGLTY
THE PUBLIC WAREHOUSING (AGILITY)
4.57%
GBK
GULF BANK
3.45%
MABANEE
MABANEE CO KPSC
3.45%
HUMANSFT
HUMAN SOFT
2.96%
NIND
NATIONAL INDUSTRIES GRP HOLD
2.81%
ABK
AL AHLI BANK OF KUWAIT
2.53%
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 CLOZ, MEM, EELV

KWT
iShares Trust - iShares MSCI Kuwait ETF
CLOZ
Series Portfolios Trust - Panagram BBB-B CLO ETF
MEM
Matthews International Funds - Matthews Emerging Markets Equity Active 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
SOXQ
Invesco Exchange-Traded Fund Trust II - Invesco PHLX Semiconductor ETF
SOXL
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Shares
FLTW
Franklin Templeton ETF Trust - Franklin FTSE Taiwan ETF
JPEM
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return Emerging Markets Equity 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

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

#GLOMO

On Top of the World: Global Momentum

Category

Momentum, Lever Up, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with KWT using Composer

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 -0.0471%. This is the percent change in the value of KWT over the most recent 1-month period. The 3-month return on KWT is -0.0501%. 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 0.1715%. 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 FXI, EWJ, and EWT.

ETFs correlated to KWT include CLOZ, MEM, and EELV.

ETFs that are inversely correlated to KWT include SOXS, HIBS, and EUM.

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.