EWD - ETF AI Analysis
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iShares MSCI Sweden ETF (EWD)
Rating:68Neutral
Price Target:―
Positive Factors
Strong Core Swedish Holdings
Several of the largest Swedish companies in the fund, such as Investor AB, Volvo, and Atlas Copco, have shown strong recent performance, helping support the ETF’s returns.
Focused Exposure to Sweden
The ETF’s heavy allocation to Swedish stocks gives investors a targeted way to benefit from that market’s potential without having to pick individual companies.
Recent Short-Term Momentum
The fund’s recent one-month performance has been positive, suggesting some near-term strength despite a weaker showing over the last three months.
Negative Factors
High Country Concentration
With most assets in Sweden and limited exposure elsewhere, investors are heavily exposed to the economic and market conditions of a single country.
Concentrated Top Holdings
A small group of companies makes up a large share of the portfolio, which increases the impact that any one stock’s moves can have on the ETF.
Mixed Performance Among Top Stocks
Some major holdings, such as Spotify and Assa Abloy, have shown weaker recent performance, which can offset gains from stronger names in the fund.
EWD vs. SPDR S&P 500 ETF (SPY)
AUM582.44M
RegionEurope
Expense Ratio0.51%
Beta0.98
IssueriShares
Inception DateMar 12, 1996
Dividend Yield3.43%
Asset ClassEquity
Index TrackedMSCI Sweden 25-50
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume187,771
30 Day Avg. Volume224,340
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
54.42Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering39
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
EWD Summary
The iShares MSCI Sweden ETF (EWD) is a fund that lets you invest in a wide range of Swedish companies by tracking the MSCI Sweden 25-50 index. It includes well-known names like Spotify and Volvo, along with banks and industrial firms, giving you broad exposure to Sweden’s economy in one investment. Someone might consider EWD to diversify beyond the U.S. market and tap into the growth potential of an innovative, export-driven European country. A key risk is that the ETF’s value can rise or fall with the Swedish stock market and currency movements.
How much will it cost me?The iShares MSCI Sweden ETF (EWD) has an expense ratio of 0.54%, meaning you’ll pay $5.40 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is passively managed but focuses on a niche market, which can involve higher costs to track the MSCI Sweden Index accurately.
What would affect this ETF?The iShares MSCI Sweden ETF (EWD) could benefit from Sweden's strong industrial and technology sectors, which are known for innovation and export-driven growth, especially if global demand for manufacturing and tech products remains high. However, the ETF may face challenges if European economic conditions weaken or if interest rate hikes negatively impact financial and real estate sectors, which are significant components of its portfolio. Additionally, regulatory changes or geopolitical tensions in Europe could affect the performance of its top holdings, such as Spotify and Volvo.
EWD Top 10 Holdings
EWD leans heavily on Sweden’s industrial and financial backbone, with Investor AB, Volvo, and Atlas Copco doing much of the heavy lifting as their shares have been steadily rising this year. The big Swedish banks, like SEB and Swedbank, add further momentum, acting as sturdy anchors in the portfolio. On the flip side, Spotify has been more of a wild card, with mixed recent performance, while Ericsson and Sandvik have lost some steam lately. Overall, it’s a Sweden-focused play, concentrated in homegrown industrials, financials, and select global names.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Investor AB | 9.71% | $55.81M | kr1.25T | 46.38% | 77 Outperform | |
| Spotify | 9.53% | $54.74M | $102.93B | -20.28% | 66 Neutral | |
| Volvo AB | 7.58% | $43.59M | kr741.18B | 32.63% | 75 Outperform | |
| Atlas Copco AB | 6.94% | $39.86M | kr939.54B | 37.86% | 67 Neutral | |
| Sandvik AB | 4.98% | $28.60M | kr446.56B | 51.54% | 70 Outperform | |
| Skandinaviska Enskilda Banken AB | 4.43% | $25.45M | kr437.18B | 31.72% | 71 Outperform | |
| Assa Abloy | 4.25% | $24.44M | kr392.22B | 10.70% | 76 Outperform | |
| Swedbank | 4.24% | $24.36M | kr427.27B | 47.81% | 74 Outperform | |
| Atlas Copco AB | 3.60% | $20.70M | kr939.54B | 35.07% | 71 Outperform | |
| Telefonaktiebolaget LM Ericsson Class B | 3.40% | $19.56M | kr312.80B | 32.90% | 72 Outperform |
EWD Technical Analysis
Positive
―
Price Trends
50.42
Positive
49.98
Positive
49.30
Positive
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For EWD, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 50.53, equal to the 50-day MA of 50.42, and equal to the 200-day MA of 49.30, indicating a bullish trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EWD.
EWD Peer Comparison
Comparison Results
Performance Comparison
EWD
iShares MSCI Sweden ETF
52.35
9.60
22.46%
FLGB
Franklin FTSE United Kingdom ETF
―
―
―
DBEU
Xtrackers MSCI Europe Hedged Equity ETF
―
―
―
SPEU
SPDR Portfolio Europe ETF
―
―
―
EWN
iShares MSCI Netherlands ETF
―
―
―
EWQ
iShares MSCI France ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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