Guru Arnold Van Den Berg (Trades, Portfolio) continued to increase his stake in the iShares MSCI Hong Kong Index Fund (EWH, Financial) during the first quarter.
Van Den Berg now owns 451,937 shares.
iShares MSCI Hong Kong Index Fund, formerly Shares MSCI Hong Kong ETF, (the Fund), is an exchange-traded fund.
Its inception was on March 12, 1996, and it is managed by BlackRock Fund Advisors.
The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts representing securities in its underlying index.
The underlying index may include large-, mid- or small-capitalization companies.
Components of the underlying index primarily include financials, industrials, insurance, real estate and utilities companies. The fund is non-diversified and is reviewed quarterly.
iShares MSCI Hong Kong Index Fund has a market cap of $1.64 billion, a P/E ratio of 14.32, a P/B ratio of 1.24, a dividend yield of 2.68, and 73.72 million shares outstanding.
The iShares MSCI Hong Kong Index Fund is diversified across a broad sector of industries.
Below is a chart of the fund's weightings.
Source: The Financial Times
The company has gained solid returns over the previous decade:
Source: The Wall Street Journal
Year to date it has nearly doubled the S&P 500’s results. And it has marginally underperformed the S&P 500 over the previous 10 years.
Below is a list of iShares MSCI Hong Kong Index Fund’s top 10 holdings.
Source: The Wall Street Journal
It is likely that Arnold Van Den Berg (Trades, Portfolio) sees value in the iShares MSCI Hong Kong Index Fund because it is a well managed, diversified Fund that continued to be successful for over two decades and counting.
Disclosure: Author does not own any shares of this fund.
