iShares Global 100 ETF (IOO)
iShares Global 100 ETF operates in the Asset Management industry of the Financial Services sector, headquartered in San Francisco, CA, US. The stock last traded at $145.23, up 0.24% on the session, giving a market capitalisation of $8.61B. Its beta of 0.96 implies it has historically moved less than the broad market.
IOO seeks to deliver cap-weighted exposure to 100 of the world's largest multinational companies from its parent index, the S&P Global 1200, and lands squarely in the mega-cap rather than the large-cap domain. The fund avoids midcaps altogether. Its focus on mega-caps, and its avoidance of emerging markets outside Korea, introduces some sector and geographic tilts. The index measures the performance of blue-chip companies of major importance that have global exposure. For companies to be considered global in nature, they must derive a substantial portion of revenue and assets from multiple countries. The index is rebalanced quarterly starting every March.
iShares Global 100 ETF is most often compared with the following Financial Services names: