- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 400 Howard Street San Francisco MD United States of America 94105-2618
- IPO Date
- Mar 18, 1996
- Business
- iShares MSCI Singapore ETF (EWS) is an exchange-traded fund that seeks to track the investment results of the MSCI Singapore 25/50 Index, a free float-adjusted market capitalization-weighted index designed to measure the performance of large- and mid-capitalization segments of the Singapore equity market covering approximately 85% of the free float-adjusted market capitalization. The fund provides investors with targeted exposure to Singaporean equities across key sectors including financials (37.50%), industrials (23.43%), consumer discretionary (18.53%), real estate (8.99%), and communication services (4.45%); top holdings as of September 30, 2025, include DBS Group Holdings Ltd (19.87%), Sea Ltd ADR (15.51%), Oversea-Chinese Banking Corp Ltd (8.98%), Grab Holdings Ltd (5.17%), and Yangzijiang Shipbuilding Holdings Ltd (4.90%), with a total of 18 holdings. Launched on March 12, 1996, and managed by BlackRock with an expense ratio of 0.50%, the ETF trades on the NYSE Arca exchange and had net assets of $869.92 million and 30.75 million shares outstanding as of September 30, 2025. The fund distributes dividends semi-annually and offers after-tax return metrics, including a 30-day SEC yield of 3.14%, with portfolio characteristics such as a P/E ratio of 15.27x, P/B ratio of 1.96x, and three-year equity beta of 0.54. Geographically focused on Singapore-listed companies, EWS serves institutional and retail investors seeking single-country Asia-Pacific equity exposure without pursuing a sustainable, impact, or ESG investment strategy. On December 1, 2016, the fund shifted to tracking the MSCI Singapore 25/50 Index from the prior MSCI Singapore Index to incorporate individual stock weight caps (no single stock exceeding 25%, aggregate over 5% capped at 50%) and enhanced diversification. Recent market dynamics as of October 2025 highlight macroeconomic influences on holdings, including potential U.S. Federal Reserve rate cuts impacting financial sector banks like DBS and OCBC, geopolitical trade tensions affecting industrials such as Yangzijiang Shipbuilding and Keppel, and global inflation trends influencing consumer firms like SingTel. The ETF delivered strong one-year total returns of 33.02% as of September 30, 2025, reflecting robust performance amid Singapore's market resilience.