(INAA) iShares MSCI North America - Ratings and Ratios

The iShares MSCI North America UCITS ETF USD (Dist) EUR (AS:INAA) is a Netherlands-domiciled exchange-traded fund designed to provide exposure to large and mid-capitalization companies in the United States. It tracks the Morningstar US Large-Mid NR USD Index, which focuses on a broad range of US equities, offering a blend of growth and value stocks.

With an AUM of 1303.12M EUR, this ETF is part of the BlackRock iShares family, a well-established global issuer of ETFs. The fund is structured as a UCITS-compliant vehicle, which means it adheres to European regulatory standards for investor protection and transparency. The ETF is denominated in USD but is priced in EUR, making it accessible to European investors while exposing them to US dollar-denominated assets.

One important consideration for investors is the funds currency exposure. Since the underlying assets are USD-denominated but the ETF is traded in EUR, investors are exposed to currency fluctuations between the euro and the US dollar. This can impact returns, depending on the direction of currency movements. For investors seeking to hedge currency risk, this ETF does not employ any currency hedging strategies.

The funds underlying index, the Morningstar US Large-Mid NR USD Index, is designed to capture the performance of US large and mid-cap stocks. The index is market-capitalization-weighted, meaning larger companies have a greater influence on its performance. This ETF is suitable for investors looking for broad exposure to the US equity market, particularly those with a long-term investment horizon.

From a portfolio management perspective, this ETF can serve as a core holding for US large