 The
iShares MSCI Poland ETF (EPOL) is an exchange-traded fund that seeks
to track the investment results of the MSCI Poland Index, which is
designed to measure the performance of the large and mid-cap segments
of the Polish market. The fund has been designed for investors seeking
to gain exposure to the Polish equity market.
As of March 23,
2023, EPOL has 47 holdings with a total net asset value of
approximately $328.5 million. The fund's largest holdings include CD
Projekt SA, PKO Bank Polski SA, PGE Polska Grupa Energetyczna SA, PKN
ORLEN SA, and KGHM Polska Miedz SA.
The sector allocation of
the fund is primarily focused on energy, financials, and materials.
The top three sectors make up over 60% of the portfolio, with the rest
of the sectors making up less than 10% each.
In terms of
performance, EPOL has had a strong run over the past year, returning
49.3% to investors. However, the fund has had a more challenging time
over the past five years, with a return of only 9.1%. The fund's
expense ratio is 0.62%, which is higher than the average for an ETF.
Investors interested in EPOL should keep in mind that investing in
a single country ETF carries a higher level of risk compared to more
diversified funds. This is because the performance of the fund will be
closely tied to the economic and political conditions in Poland.
Additionally, EPOL is exposed to currency risk since its underlying
investments are denominated in Polish zloty.
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