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Ishares Msci Usa Index

Ishares Msci Usa Index(Etf) (NYSE:SMI)

The iShares MSCI USA IMI ETF (SMI) is an exchange-traded fund (ETF) that tracks the performance of the MSCI USA IMI, an broad market index. The fund invests in

a diversified portfolio of US large- and mid-cap stocks and aims to provide long-term capital growth. It is a lower-cost way to generate diversified exposure to US stocks.

Etf inception was on September 5, 2T13 and managed by BlackRock.

The fund has total net assets of about $22.13 billion as of February 2023. It trades on the NYSE Arca exchange. The fund has a modest total expense ratio of 0.06% as its management fee. It has a high trading volume of more than 7.4 million shares on average.

The fund has key holding in some big names such as Microsoft, Apple and Google.

SMI has been steadfast in its performance. The ETF has gained 8.1% in a year. It has a one-year rebound of 15.3%. It has a beta of 1.06, indicating that the fund's volatility is in line with the broader market.

The fund is ideal for investors who want to balance their investment portfolio by investing in cheaper equities. It also suits investors who think large-caps are better equipped to weather an economic downturn.

A number of brokerage advisors suggest that investors should hold on to the stock, but with caution.