2024-02-17 07:09:27 ET
Summary
- The iShares MSCI World ETF is a global equity fund with AUM of $3.13 billion recently, in spite of slightly negative net fund flows over the past year.
- URTH has a heavy weight in favor of the United States (70.88% of the fund) and key sector exposures in Technology, Financial Services, and Healthcare.
- Despite underperforming the S&P 500 in the past, URTH is nevertheless presently undervalued per my calculations, which may also indicate that broader equity markets are undervalued.
Introduction
iShares MSCI World ETF (URTH) is an exchange-traded fund with a mandate to provide investors with global equity coverage across a "broad range of developed market companies", at a reasonable cost of 0.24% (reported expense ratio). The fund currently has a substantial asset base, with an AUM of $3.13 billion as of February 14, 2024, spread across 1,481 different holdings. According to YCharts , net fund flows have been slightly contractionary over the past year, at negative $57.37 million; however, this is relatively stable considering the fund's AUM size....
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URTH: Global Equities Appear Undervalued In February 2024