ETFs
Strategic changes in iShares MSCI ACWI ex US ETF global portfolio
Highlighting key advancements with Taiwan Semiconductor Manufacturing Co Ltd
THE iShares MSCI ACWI ex-US ETF (Professions, Wallet), known for its strategic investments in international large and mid-cap stocks, recently disclosed its N-PORT filing for the second quarter of 2024. This ETF seeks to track the performance of the MSCI ACWI ex USA Index, which represents a global equity market excluding the United States, covering approximately 85% of equity opportunities available outside the United States in developed and emerging markets.
Strategic Changes in the iShares MSCI ACWI ex US ETF Global Portfolio
Summary of new purchases
In his last filing, iShares MSCI ACWI ETF excluding US (Jobs, Wallet) has expanded its portfolio by adding 19 new stocks. Notable new additions include:
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Screen Holdings Co Ltd (EST: 7735), buying back 14,300 shares, which now represent 0.03% of the portfolio, valued at 1.48 billion.
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Rexel SA (XPAR:RXL), with 33,386 shares, or approximately 0.02% of the portfolio, valued at 865,360.
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Ades Holding Co (SAU: 2382), adding 48,828 shares, representing 0.01% of the portfolio, valued at ?260,110.
Increases in key positions
The ETF also increased its holdings in several key stocks, including:
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Haleon PLC (LSE:HLN), where it increased its position by 264,565 shares, bringing the total to 1,222,043 shares. This adjustment increased the number of shares by 27.63%, impacting the portfolio by 0.03%, with a total value of 5,161,100.
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Zomato Ltd (NSE:ZOMATE), with 167,973 additional shares, bringing the total to 1,091,177 shares, valued at ?2,518,360.
Summary of sold positions
The ETF completely liquidated its positions in 56 stocks during the quarter, including:
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Algonquin Energy and Utilities Corporation (TSX:AQN), selling all 120,297 shares, impacting the portfolio by -0.02%.
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Naturgy Energy Group SA (XMAD:NTGY), liquidating all 25,709 shares, also impacting the portfolio by -0.02%.
Key position reductions
Significant reductions have been made on several farms, including:
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Taiwan Semiconductor Manufacturing Co., Ltd. (TPE:2330), where 107,000 shares were sold, decreasing the stake by 2.41% and impacting the portfolio by -0.05%. The stock recorded an average price of NT$742.29 during the quarter and has returned 23.71% over the past three months and 63.27% year-to-date.
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Shell Automaton (LSE: SHEL), reducing the position of 52,506 shares, a drop of 4.35%, impacting the portfolio by -0.04%. The stock traded at an average price of 26.26 during the quarter, with returns of 8.69% over the past three months and 11.65% year to date.
Portfolio Overview
From the second quarter of 2024, the iShares MSCI ACWI ex-US ETF (Professions, Wallet)’s portfolio consisted of 1,842 stocks. Top holdings included 2.32% in Taiwan Semiconductor Manufacturing Co Ltd, 1.65% in Novo Nordisk A/S, 1.39% in ASML Holding NV, 1.14% in Tencent Holdings Ltd and 1.05% in Nestlé SA. Investments are well diversified across 11 sectors, including financial services, industrials, technology and healthcare.
The story continues
Strategic Changes in the Global Portfolio of the iShares MSCI ACWI ex US ETF
Strategic Changes in the iShares MSCI ACWI ex US ETF Global Portfolio
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