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EWD - ETF AI Analysis
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iShares MSCI Sweden ETF (EWD)
Rating:68Neutral
Price Target:―
Positive Factors
Strong Top Holdings
Several key holdings, such as Spotify and Sandvik AB, have delivered strong year-to-date performance, contributing positively to the ETF's returns.
Sector Focus on Industrials
With significant exposure to the industrials sector, the ETF benefits from Sweden's strong industrial base and global demand for industrial goods.
Healthy Year-to-Date Performance
The ETF has shown strong year-to-date performance, indicating positive momentum in its portfolio.
Negative Factors
High Geographic Concentration
Over 80% of the ETF's assets are concentrated in Sweden, making it vulnerable to economic or political risks specific to that country.
Underperforming Holdings
Some top holdings, such as Atlas Copco and Volvo AB, have experienced weak year-to-date performance, which could weigh on overall returns.
Higher Expense Ratio
The ETF's expense ratio is higher than many broad-market ETFs, which could reduce net returns for investors over time.
EWD vs. SPDR S&P 500 ETF (SPY)
AUM305.16M
RegionEurope
Expense Ratio0.54%
Beta0.92
IssueriShares
Inception DateMar 12, 1996
Dividend Yield2.05%
Asset ClassEquity
Index TrackedMSCI Sweden 25-50
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume106,804
30 Day Avg. Volume65,720
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
52.83Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering38
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 companies across Sweden’s economy. It follows the MSCI Sweden Index, which includes industries like technology, manufacturing, and financial services. Some of its top holdings are Spotify and Volvo, making it a great way to invest in well-known Swedish companies. People might consider this ETF for diversification and exposure to Sweden’s innovative and export-driven market. However, since it focuses heavily on Swedish companies, its performance can be impacted by economic changes specific to Sweden.
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
The iShares MSCI Sweden ETF (EWD) leans heavily on industrials, with names like Volvo and Atlas Copco playing pivotal roles. Volvo has shown mixed performance, with recent gains offset by longer-term struggles, while Atlas Copco is steady but facing valuation concerns. Spotify, the fund’s largest holding, is losing steam despite its innovative edge, dragging on overall returns. On the brighter side, Sandvik is rising, buoyed by strong financials and bullish sentiment. With a clear focus on Sweden’s industrial and financial sectors, the fund’s performance hinges on these key players finding their footing.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Spotify | 12.44% | $36.75M | $123.08B | 23.69% | 66 Neutral | |
| Investor AB | 8.42% | $24.88M | kr981.53B | 8.54% | 77 Outperform | |
| Volvo AB | 6.79% | $20.06M | kr602.98B | 5.39% | 75 Outperform | |
| Atlas Copco AB | 6.45% | $19.05M | kr783.94B | -6.09% | 67 Neutral | |
| Assa Abloy | 5.18% | $15.30M | kr397.21B | 5.52% | 76 Outperform | |
| Sandvik AB | 4.51% | $13.33M | kr365.15B | 39.62% | 70 Outperform | |
| Skandinaviska Enskilda Banken AB | 4.20% | $12.42M | kr381.92B | 22.34% | 71 Outperform | |
| Swedbank | 3.84% | $11.33M | kr346.64B | 42.94% | 74 Outperform | |
| Telefonaktiebolaget LM Ericsson Class B | 3.64% | $10.75M | kr297.14B | -1.34% | 72 Outperform | |
| Atlas Copco AB | 3.37% | $9.97M | kr783.94B | -3.99% | 71 Outperform |
EWD Technical Analysis
Positive
―
Price Trends
47.86
Positive
47.16
Positive
45.31
Positive
Market Momentum
0.47
Negative
60.84
Neutral
82.35
Negative
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 47.69, equal to the 50-day MA of 47.86, and equal to the 200-day MA of 45.31, indicating a bullish trend. The MACD of 0.47 indicates Negative momentum. The RSI at 60.84 is Neutral, neither overbought nor oversold. The STOCH value of 82.35 is Negative, 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
49.38
11.21
29.37%
FLGB
Franklin FTSE United Kingdom ETF
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SPEU
SPDR Portfolio Europe ETF
―
―
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EWI
iShares MSCI Italy ETF
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DBEU
Xtrackers MSCI Europe Hedged Equity ETF
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―
―
EWQ
iShares MSCI France ETF
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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.
Disclaimer
This 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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