The SPDR EURO STOXX 50 ETF (FEZ) is managed by State Street Global Advisors (SSGA) Funds Management, Inc. Established with the aim to track the performance of the EURO STOXX 50® Index, FEZ employs a sampling strategy, enabling it to hold a subset of securities from the index that share similar risk and return characteristics. SSGA FM, the investment adviser to the fund, makes decisions regarding the composition of the portfolio, ensuring alignment with the index's objectives. FEZ offers investors exposure to some of Europe's largest companies and is designed to capture approximately 60% of the free-float market capitalization of the EURO STOXX Total Market Index, spanning various sectors and countries within Europe. The Index is maintained and managed by STOXX, an independent Index Provider not affiliated with the fund or its adviser.
The SPDR EURO STOXX 50 ETF (FEZ) offers investors the opportunity to gain exposure to the EURO STOXX 50® Index, albeit through a sampling strategy that doesn't require the purchase of all index securities. This approach is designed to maintain similar risk and return characteristics as the Index. While FEZ doesn't primarily focus on dividends, it reflects the dividend distribution of the EURO STOXX 50® Index constituents. Typically, these dividends are distributed on a periodic basis, and the frequency and amount depend on the individual dividend policies and performance of the underlying companies. While FEZ emphasizes tracking the Index, investors may still benefit from potential dividend income along with potential capital appreciation.
Tracking the EURO STOXX 50® Index is the primary objective of the SPDR EURO STOXX 50 ETF (FEZ). Employing a sampling strategy, FEZ doesn't necessarily acquire all the securities within the index but instead purchases a subset to mirror the index's risk and return characteristics. The number of holdings in the fund depends on various factors, including its asset size. Under typical market conditions, FEZ invests at least 80% of its total assets in securities from the Index, which includes equities not in the Index, cash, and cash equivalents. This ETF allows investors to gain exposure to some of Europe's largest companies, covering diverse sectors within the EURO STOXX Supersector Indexes. Please note that FEZ is not affiliated with the Index Provider, STOXX.
The correlation aspect of the SPDR EURO STOXX 50 ETF (FEZ) plays a crucial role in understanding its performance in relation to the EURO STOXX 50® Index. As FEZ seeks to track this European index, its correlation with the underlying benchmark is expected to be relatively high, making it a suitable tool for investors looking to gain exposure to European equities. FEZ's correlation with various sectors and asset classes can provide valuable insights for portfolio diversification and risk management. If you want to explore and analyze FEZ's correlations in more detail, ETF Insider's web app offers a user-friendly visualization tool that allows you to examine correlations, overlaps, and other key data points for a comprehensive understanding of this ETF's behavior in the broader market context.
The SPDR EURO STOXX 50 ETF (FEZ) focuses on tracking the performance of the EURO STOXX 50® Index, which represents some of the largest companies across various sectors in Europe. As of November 30, 2022, the fund held a significant portion of its assets in companies from the consumer discretionary, technology, and financial sectors. FEZ offers investors exposure to the European market and its diverse industries, allowing them to participate in the performance of leading European companies. However, investors should be aware of the potential concentration in specific sectors and regions, which may introduce some level of risk into their investment strategy.
The exposure characteristic of the SPDR EURO STOXX 50 ETF (FEZ) centers around tracking the performance of the EURO STOXX 50® Index. FEZ employs a sampling strategy, allowing it to hold a portfolio of securities that mirrors the risk and return characteristics of the Index without needing to purchase all the constituent securities. As of November 30, 2022, FEZ primarily comprised companies in the consumer discretionary, technology, and financial sectors, although this allocation may change over time. Additionally, FEZ represented countries such as Belgium, Finland, France, Germany, Ireland, Italy, the Netherlands, and Spain in its holdings.
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