iShares Edge MSCI Min Vol Europe ETF (EUMV)
iShares Edge MSCI Min Vol Europe ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Dublin, IE. The stock last traded at $25.90, down 0.07% on the session, giving a market capitalisation of $32.9M. Its beta of 0.72 implies it has historically moved less than the broad market.
This exchange-traded fund (ETF) is designed to mirror the investment performance of the MSCI Europe Minimum Volatility (USD) Index. To achieve this objective, the fund typically allocates at least 90% of its capital to the specific securities that comprise its benchmark index, or to other financial instruments that demonstrate substantially similar economic characteristics. The aforementioned index itself is structured to track the returns of equity securities from developed European markets, specifically selecting those companies that collectively exhibit lower price fluctuations compared to the broader universe of large- and mid-capitalization stocks within developed European economies.
iShares Edge MSCI Min Vol Europe ETF is most often compared with the following Financial Services names: