 The
KWT ETF, or the iShares MSCI Kuwait ETF, is an exchange-traded fund
that seeks to track the performance of the MSCI Kuwait IMI 25/50
Index. The index is designed to measure the performance of the largest
and most liquid companies listed on the Kuwait Stock Exchange (KSE).
As of the most recent report, the fund had total assets under
management of approximately $69 million and an expense ratio of 0.59%.
The fund's top holdings included companies such as National Bank of
Kuwait, Kuwait Finance House, and Agility Public Warehousing Company,
among others. The fund has a relatively concentrated portfolio, with
its top 10 holdings representing approximately 63% of the total
portfolio.
In terms of performance, the KWT ETF has had mixed
performance in recent years. As of the end of 2021, the fund had a
year-to-date return of approximately 0.6%, a one-year return of
approximately -3.7%, and a three-year average annual return of
approximately -1.6%. It's important to note that the performance of
the fund can be influenced by various factors, including changes in
the Kuwaiti stock market, geopolitical developments, and macroeconomic
factors.
The KWT ETF offers investors exposure to the Kuwaiti
equity market, which is dominated by the financial and industrial
sectors. However, investors should be aware of the risks associated
with investing in emerging markets, including currency risk, political
risk, and volatility. Additionally, the fund's relatively concentrated
portfolio may make it more volatile compared to more diversified ETFs.
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