iShares MSCI Israel ETF (EIS)
iShares MSCI Israel ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $123.13, up 1.41% on the session, giving a market capitalisation of $905.0M. Its beta of 1.05 implies it has historically moved more than the broad market.
EIS was the first Israel-focused ETF on the market, and offers pure Israeli exposure, with 100% of its holdings traded in Tel Aviv. The fund tracks a capped version of our MSCI benchmark and caps its exposure to any one security at 25%. In the case of EIS, that means redistributing the extra weighting to other portfolio companies that would have gone to only one company. The result is a smaller-cap tilt, with an underweighting to health care, pumping up the fund's weighting to financials and basic materials. It tracks its index well and offers solid exposure for investors interested in the Israeli stock market.
iShares MSCI Israel ETF is most often compared with the following Financial Services names: