ISHARES MSCI CHILE INVESTABLE MARKET INDEX FUND $56.48 - New York symbol ECH

ISHARES MSCI CHILE INVESTABLE MARKET INDEX FUND $56.48 (New York Exchange symbol ECH; buy or sell through brokers) is an ETF that aims to track the MSCI Chile Investable Market Index, which consists of stocks that are mainly traded on the Santiago Stock Exchange.

The fund’s top holdings are Enersis AS (electricity), 8.0%; Empresas Copec SA (conglomerate), 7.4%; Cencosud SA (retailer), 7.2%; S.A.C.I. Falabella (retail), 6.6%; Empresa Nacional de Electricidad (electricity), 6.2%; LATAM Airlines SA, 5.7%; Quimica y Minera de Chile (mining), 5.0%; Banco Santander Chile (banking), 4.4%; and Empresas CMPC (pulp and paper), 3.9%.

The fund’s industry breakdown is: Utilities, 24.8%; Financials, 17.2%; Consumer Staples, 13.6%; Materials, 12.6%; Industrials, 9.3%; Consumer Discretionary, 8.3%; Energy, 7.4%; Telecommunications, 3.2%; and Information Technology, 2.5%.

iShares MSCI Chile Investable Market Index Fund was launched on November 12, 2007. The ETF has an expense ratio of 0.60%.

Chile is the world’s biggest copper producer and a major supplier to Asian markets. Its dependence on resources is something of a drawback to investment in Chile, particularly as Asian markets have slowed and copper prices have dropped. However, the long-term outlook for its economy remains sound.

iShares MSCI Chile Investable Market Index Fund is a buy for aggressive investors.

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