At the end of March, the top 10 holdings in IEIS accounted for just over 20% of the ETF’s weight, according to BlackRock data. The ETF had a beta against the S&P 500 of 0.92 and a price-to-earnings ratio of about 11.5, according to issuer data.
“As measured by its performance versus passively managed, index-based funds, the BlackRock formula for active portfolio management appears to be working for the iShares Enhanced International Small-Cap ETF. The key challenge for this fund is that actively managed funds as a whole have experienced difficulties gaining traction with investors since being introduced in 2008,” adds Investopedia.
IEIS charges 0.49% per year, or $49 for each $10,000 invested. That is low among actively managed small-cap funds.
For more information on the Small Cap ETF market, visit our Small Caps category.
iShares Enhanced International Small-Cap ETF