The First Trust BICK Index Fund (BICK) is an exchange-traded fund (ETF) that seeks to track the performance of the BICK Index. The BICK Index is a modified market capitalization-weighted index designed to track the performance of the equity securities of companies located in Brazil, India, China, and South Korea. The fund invests in a diverse range of sectors including financials, information technology, and consumer discretionary.
As of February 2023, the BICK ETF has total net assets of approximately $90 million and holds a portfolio of 231 securities. The top three sectors in the portfolio are information technology, financials, and consumer discretionary, representing approximately 61% of the total holdings. The top five individual holdings are Samsung Electronics Co Ltd, Tencent Holdings Ltd, Alibaba Group Holding Ltd, Taiwan Semiconductor Manufacturing Co Ltd, and HDFC Bank Ltd.
Investing in BICK may be suitable for investors who are seeking exposure to the emerging economies of Brazil, India, China, and South Korea. However, as with any investment, it is important for investors to consider their investment objectives, risk tolerance, and investment time horizon before investing in BICK or any other ETF or security. It is also important to keep in mind that investing in emerging markets can carry additional risks such as currency risk, political risk, and economic instability, among others. Investors should consult with their financial advisor to determine if BICK is an appropriate investment for their portfolio.
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