iShares MSCI USA Equal Weighted ETF (EUSA)
iShares MSCI USA Equal Weighted ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $118.76, up 0.33% on the session, giving a market capitalisation of $1.80B. Its beta of 0.97 implies it has historically moved less than the broad market.
EUSA provides a different approach to US large- and midcap firms. The fund includes the same stocks as its parent index, the MSCI USA Index, but applies equal weighting at each quarterly rebalance, effectively removing the influence of each constituents current price and preventing overweighting to larger firms. The quarterly rebalance starts in February. Prior to Sep. 1, 2015, the fund tracked MSCI USA Index, a market-cap-weighted index of the same constituents.
iShares MSCI USA Equal Weighted ETF is most often compared with the following Financial Services names: