The MSCI Germany Index Fund is down about 39% year-to-date, after hitting a high of $33.51 in January 2022. The lowest decline in the exchange traded fund took place shortly after Russia decided to mobilize troops into Ukraine as a specialty military operation, which took place in February 2022.
Germany's economy was hit hard by the reduction and eventual closure of the Nord Stream pipeline and macroeconomic headwinds sent a shock to German equities.
Now that the ETF has fallen by 39%, it may be an opportune time to open a position in the fund to mitigate systematic dangers in the American stock market.
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The iShares MSCI Germany Index Fund EWG is offering a dividend yield of 7.58% or $1.58 per share annually, through semi-annual payments, with a track record of increasing its dividends once in the past year. iShares MSCI Germany Index Fund seeks to track the investment results of an index composed of large and mid-sized German equities.
The fund has reported a net asset value of 4.59% when looking at past performance since its inception in 1996.
The funds top three sectors are industrials, financials and consumer discretionary, with its top-held position in SAP's database technology company.