iShares MSCI Switzerland ETF (EWL) is an exchange-traded fund designed to track the performance of the Swiss equity market through large- and mid-cap Swiss companies. The ETF is managed by BlackRock through the iShares platform and trades under the ticker EWL on NYSE Arca.

Classified as an international equity ETF focused on the Swiss equity market, EWL seeks to reflect, before fees and expenses, the performance of the companies included in the MSCI Switzerland 25/50 Index.

The fund follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index. The benchmark includes Swiss large- and mid-cap companies traded in the Swiss equity market. Constituents are weighted by free-float-adjusted market capitalization.

Diversification and sector exposure

EWL provides exposure to the Swiss equity market through companies distributed across sectors relevant to the Swiss economy.

The ETF’s economic exposure is primarily associated with:

• Health care.

• Consumer staples.

• Industrials.

• Materials.

• Energy.

The ETF’s behavior is sensitive to global economic conditions, Swiss-franc currency fluctuations, and the performance of Swiss multinational companies.

Structure and costs

EWL shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. EWL may distribute income derived from dividends paid by companies held in the portfolio.

History and evolution of the ETF

The iShares MSCI Switzerland ETF was launched in 1996, during a period of expansion in international ETFs tied to global equity markets.

Since inception, the fund has reflected movements associated with the Swiss equity market, including global economic fluctuations, currency movements, and the performance of the country’s large multinational corporations.

In recent years, EWL has reflected changes in global macroeconomic conditions, fluctuations across European markets, Swiss franc movements, and performance shifts in the pharmaceutical, financial, and consumer staples sectors.

Additional Information

iShares MSCI Switzerland ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $2.30 billion.

Over the past 12 months, iShares MSCI Switzerland ETF recorded a return of 10.27%, with its price trading between $53.86 and $65.08 during the same period.

The ETF is traded under the ticker EWL.