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Ishares Ftse Dev Sm Cap Ex North Amer
The iShares FTSE DevSmCap ex North America ETF (IFSM) is an exchange-traded fund that tracks the FTSE Developed Small Cap ex-North America Index. The fund invests in small-cap firms outside of North America. The fund's components are selected based on their market capitalization, with a minimum market cap of $1.5 billion. The fund is designed to offer exposure to the performance of small-cap companies in developed countries outside North America.
The fund's underlying holdings are diversified across various sectors and countries, including Europe, Asia, and Australia. As an ETF, IFSM trades on a stock market, allowing investors to buy and sell shares throughout the day. The fund's expense ratio is relatively low at 0.11% and can be purchased through most brokerage accounts.
A few key factors to consider when evaluating IFSM:
1. Market Capitalization: The fund invests in small-cap companies outside North America, with a minimum market capitalization of $1.5 billion. This means that the fund may have a small market capitalization and may be more vulnerable to market volatility.
2. International focus: The fund invests in companies developed outside North America, which means that it is not exposed to the US market. This can provide diversification benefits for investors with a portfolio heavily weighted in US equities.
3. Sector diversification: The fund's underlying holdings are diversified across various sectors, including technology, healthcare, consumer discretionary, and financials. This provides a broad exposure to different sectors and can help to reduce risk.
4. Expense ratio: The fund's expense ratio is relatively low at 0.11%. This means that investors can access a diversified portfolio of international small-cap companies at a relatively low cost.
5. Trading characteristics: As an ETF, IFSM trades on a stock exchange, allowing investors to buy and sell shares throughout the day. The fund's trading volume is relatively high, which means that investors can easily buy and sell shares without significantly affecting the price.
Financial and earnings information for IFSM is available on websites such as Yahoo Finance or Bloomberg. You can look up the ticker symbol "IFSM" to access this information. Some key financial and earnings data for IFSM include:
Net asset value (NAV) is the fund's total net value of all the securities it holds, divided by the total number of shares outstanding. NAV is typically provided daily and can help assess the fund's overall performance.
Total net assets are the total value of all securities held by the fund, which can help to assess the size and liquidity of the fund.
Holdings: The fund's underlying holdings are disclosed daily, showing the number of shares and weighting of each holding. This information can help assess the fund's exposure to different sectors and companies.
Past performance is not indicative of future results, and it's essential to consider other factors when evaluating a fund, such as management tenure, fees, and investment style.
In terms of outlook, the performance of IFSM will largely depend on the performance of the small-cap companies it invests in, which can be affected by various factors such as economic conditions, industry trends, and geopolitical events. However, with a diversified portfolio of small-cap companies across various sectors and countries, the fund can potentially provide a measure of diversification benefits to investors' portfolios.
In conclusion, IFSM is an ETF that offers exposure to small-cap companies outside North America. It's essential to consider various factors, including market capitalization, international focus, sector diversification, expense ratio, and trading characteristics when evaluating IFSM. Financial and earnings information can be accessed on financial websites, and the fund's holdings are disclosed daily. As with any investment, it's essential to do your research and consult with a financial advisor before making investment decisions.