← All ETFs

Available in 10 markets

iShares Nikkei 225 UCITS ETF

iShares · IE00B52MJD48

iShares Nikkei 225 UCITS ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker CNKY (ISIN IE00B52MJD48). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth when they do…

· Tracks the Nikkei 225 index ?

Equity ?Accumulating ?Physical ?Ireland ?

Mid-range feeReinvests dividendsOwns the shares directlyJapanConcentrated in a few names

Find funds like this

iShares funds Domiciled in Ireland Accumulating Physically replicated Japan stocks Yearly fee under 0.5%

Opens the screener with this filter applied.

Fund size (AUM) ?

€533.4M

Risk level (SRI) ?

6 / 7 · High

1-year return ?

+43.8%

Total return · to 2026-07-28

Yearly fee (TER) ?

0.48%

All-in cost ≈ 0.48%

About this fund

What you own

The Nikkei 225 index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 230 companies across Japan in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.48%Yearly fee (TER)

0.48%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

Nikkei 225

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Jan 2010

16-year track record

Recommended holding period

medium to long term

Performance

Growth of ¥100 invested — both lines start at ¥100.

iShares Nikkei 225 UCITS ETF Average Nikkei 225 ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD+22.6%

1 year+43.8%

3 years+17.6%

5 years+10.7%

Return, year by year

-15.7

+17.7

+13.8

+15.7

'22'23'24'25

3 of 4 up yearsBest: 2023 +17.7%Worst: 2022 -15.7%Calendar-year total returns, in JPY

How bumpy has it been?

25.6%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-20.2%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

0.83

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

+64.2%

Since inception

Total growth since launch — about +10.3% a year.

+74.9%

Best 12 months

The strongest one-year stretch on record.

-18.1%

Worst 12 months

The weakest one-year stretch on record.

-21.5%

Worst fall on record ?

It clawed back in about 20 months.

What's inside

By sector ?

Technology38.2%

Consumer Discretionary16.8%

Industrials16.6%

Communication Services10.5%

Health Care5.6%

Materials4.1%

Consumer Staples3.1%

Financials3.0%

The 10 biggest holdings make up 50.0% of the fund — the rest is spread across roughly 220 more companies.

Top 10 holdings

#	Company	Weight
1	TOKYO ELECTRON LTD	10.4%
2	ADVANTEST CORP	10.2%
3	FAST RETAILING LTD	10.0%
4	SOFTBANK GROUP CORP	6.9%
5	KIOXIA HOLDINGS CORP	2.7%
6	TDK CORP	2.5%
7	IBIDEN LTD	2.1%
8	FANUC CORP	1.8%
9	SHIN ETSU CHEMICAL LTD	1.8%
10	RECRUIT HOLDINGS LTD	1.7%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
LSE	CNKY	JPY	★ Primary
CHF listings
SIX	CSNKY	CHF
SIX	SXRZ	CHF
EUR listings
Borsa Italiana	CSNKY	EUR
Frankfurt	SXRZ	EUR
JPY listings
B2	CSNKY	JPY
B2	CSNKYEUR	JPY
B3	CNKYL	JPY
B3	CSNKYM	JPY
B3	CSNKYZ	JPY
B3	SXRZD	JPY
B4	CSNKYGBX	JPY
B4	CSNKYEUR	JPY
B4	CSNKY	JPY
BW	CSNKY	JPY
BW	SXRZ	JPY
E1	CSNKYUSD	JPY
E1	CSNKYGBX	JPY
E1	CSNKYEUR	JPY
E1	CSNKYCHF	JPY
E1	CSNKY	JPY
EB	CNKYL	JPY
EB	CSNKYM	JPY
EB	CSNKYZ	JPY
EB	SXRZD	JPY
EO	CSNKYUSD	JPY
EO	CSNKYGBX	JPY
EO	CSNKYEUR	JPY
EO	CSNKYCHF	JPY
EO	CSNKY	JPY
EP	CSNKY	JPY
EP	CSNKYEUR	JPY
EP	CSNKYGBX	JPY
EU	CSNKY	JPY
EU	CSNKYGBX	JPY
EZ	CSNKYGBX	JPY
EZ	CSNKYEUR	JPY
EZ	CSNKY	JPY
GD	SXRZ	JPY
GF	SXRZ	JPY
GH	SXRZ	JPY
GI	SXRZ	JPY
GM	SXRZ	JPY
GS	SXRZ	JPY
GT	SXRZ	JPY
GZ	SXRZ	JPY
I2	CSNKYM	JPY
I2	SXRZD	JPY
IX	CNKYL	JPY
IX	CSNKYM	JPY
IX	CSNKYZ	JPY
IX	SXRZD	JPY
L1	SXRZD	JPY
L1	CSNKYZ	JPY
L1	CSNKYM	JPY
L3	CNKYL	JPY
L3	CNKYP	JPY
L3	CSNKYM	JPY
L3	CSNKYZ	JPY
L3	SXRZD	JPY
LA	SXRZ	JPY
London Stock Exchange	CNKY	JPY
LU	SXRZ	JPY
PO	CNKYL	JPY
PO	CSNKYM	JPY
PO	CSNKYZ	JPY
PO	SXRZD	JPY
QE	SXRZD	JPY
QT	SXRZ	JPY
QX	SXRZD	JPY
S1	CNKYL	JPY
S1	CSNKYM	JPY
S1	SXRZD	JPY
S2	SXRZD	JPY
S4	CSNKYM	JPY
S4	SXRZD	JPY
SE	CSNKY	JPY
T2	CNKY	JPY
T2	CSNKYEUR	JPY
T2	CSNKYJPY	JPY
TH	SXRZ	JPY
WT	CSNKYJPY	JPY
WT	CSNKYEUR	JPY
WT	CNKY	JPY
X2	CSNKY	JPY
X2	CSNKYEUR	JPY
X2	CSNKYGBX	JPY
X9	CSNKY	JPY
X9	CSNKYEUR	JPY
X9	CSNKYGBX	JPY
XA	CSNKYUSD	JPY
XA	CSNKYCHF	JPY
XE	CSNKY	JPY
XE	CSNKYCHF	JPY
XE	CSNKYUSD	JPY
XF	CSNKYCHF	JPY
XF	CSNKYUSD	JPY
XG	CSNKYUSD	JPY
XG	CSNKYCHF	JPY
XH	CSNKYCHF	JPY
XH	CSNKYUSD	JPY
XJ	CSNKYCHF	JPY
XJ	CSNKYUSD	JPY
XL	CSNKYCHF	JPY
XL	CSNKYGBX	JPY
XL	CSNKYUSD	JPY
XO	CSNKYUSD	JPY
XO	CSNKYCHF	JPY
XS	CSNKYCHF	JPY
XS	CSNKYEUR	JPY
XS	CSNKYUSD	JPY
XT	CSNKYEUR	JPY
XT	CSNKYGBX	JPY
XU	CSNKYUSD	JPY
XU	CSNKYCHF	JPY
XV	CSNKY	JPY
XV	CSNKYCHF	JPY
XV	CSNKYEUR	JPY
XV	CSNKYGBX	JPY
XV	CSNKYUSD	JPY
XW	CSNKYUSD	JPY
XW	CSNKYGBX	JPY
XW	CSNKYEUR	JPY
XW	CSNKYCHF	JPY
XW	CSNKY	JPY
XX	CSNKY	JPY
XX	CSNKYCHF	JPY
XX	CSNKYEUR	JPY
XX	CSNKYGBX	JPY
XX	CSNKYUSD	JPY

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-28 · the fund's own published holdings.

#	Company	Weight
1	TOKYO ELECTRON LTD	10.4%
2	ADVANTEST CORP	10.2%
3	FAST RETAILING LTD	10.0%
4	SOFTBANK GROUP CORP	6.9%
5	KIOXIA HOLDINGS CORP	2.7%
6	TDK CORP	2.5%
7	IBIDEN LTD	2.1%
8	FANUC CORP	1.8%
9	SHIN ETSU CHEMICAL LTD	1.8%
10	RECRUIT HOLDINGS LTD	1.7%
11	KDDI CORP	1.6%
12	FUJIKURA LTD	1.5%
13	KYOCERA CORP	1.5%
14	DAIKIN INDUSTRIES LTD	1.3%
15	MURATA MANUFACTURING LTD	1.2%
16	CHUGAI PHARMACEUTICAL LTD	1.1%
17	LASERTEC CORP	0.9%
18	TOYOTA TSUSHO CORP	0.9%
19	KONAMI GROUP CORP	0.9%
20	TERUMO CORP	0.9%
21	TAIYO YUDEN LTD	0.9%
22	SONY GROUP CORP	0.8%
23	NITTO DENKO CORP	0.8%
24	DISCO CORP	0.7%
25	TOYOTA MOTOR CORP	0.7%
26	SCREEN HOLDINGS LTD	0.7%
27	MITSUBISHI CORP	0.6%
28	SECOM LTD	0.6%
29	HOYA CORP	0.6%
30	AJINOMOTO INC	0.6%
31	BANDAI NAMCO HOLDINGS INC	0.6%
32	OTSUKA HOLDINGS LTD	0.6%
33	TOKIO MARINE HOLDINGS INC	0.6%
34	JPY CASH	0.5%
35	ASTELLAS PHARMA INC	0.5%
36	FUJIFILM HOLDINGS CORP	0.5%
37	SUMITOMO ELECTRIC INDUSTRIES LTD	0.5%
38	HONDA MOTOR LTD	0.5%
39	ITOCHU CORP	0.5%
40	MITSUI LTD	0.4%
41	SHIONOGI LTD	0.4%
42	NISSAN CHEMICAL CORP	0.4%
43	SUZUKI MOTOR CORP	0.4%
44	KIKKOMAN CORP	0.4%
45	DAIICHI SANKYO LTD	0.4%
46	KEYENCE CORP	0.4%
47	DENSO CORP	0.4%
48	SUMITOMO REALTY & DEVELOPMENT LTD	0.4%
49	SMC (JAPAN) CORP	0.4%
50	YASKAWA ELECTRIC CORP	0.4%
51	NGK CORP	0.4%
52	RYOHIN KEIKAKU LTD	0.4%
53	BRIDGESTONE CORP	0.3%
54	OLYMPUS CORP	0.3%
55	NINTENDO LTD	0.3%
56	BAYCURRENT INC	0.3%
57	KOMATSU LTD	0.3%
58	KAO CORP	0.3%
59	CANON INC	0.3%
60	ORIX CORP	0.3%
61	SUMITOMO CORP	0.3%
62	TREND MICRO INC	0.3%
63	JAPAN TOBACCO INC	0.3%
64	EBARA CORP	0.3%
65	SEVEN & I HOLDINGS LTD	0.3%
66	OMRON CORP	0.3%
67	MITSUBISHI ELECTRIC CORP	0.3%
68	YOKOGAWA ELECTRIC CORP	0.3%
69	NITORI HOLDINGS LTD	0.3%
70	SEIKO EPSON CORP	0.3%
71	ROHM LTD	0.3%
72	TAKEDA PHARMACEUTICAL LTD	0.3%
73	HITACHI CONSTRUCTION MACHINERY LTD	0.3%
74	COMSYS HOLDINGS CORP	0.3%
75	NOMURA RESEARCH INSTITUTE LTD	0.2%
76	MARUBENI CORP	0.2%
77	ASAHI GROUP HOLDINGS LTD	0.2%
78	HITACHI LTD	0.2%
79	MITSUI FUDOSAN LTD	0.2%
80	RENESAS ELECTRONICS CORP	0.2%
81	CREDIT SAISON LTD	0.2%
82	M3 INC	0.2%
83	NEXON LTD	0.2%
84	PANASONIC HOLDINGS CORP	0.2%
85	DAIWA HOUSE INDUSTRY LTD	0.2%
86	JAPAN EXCHANGE GROUP INC	0.2%
87	MINEBEA MITSUMI INC	0.2%
88	MERCARI INC	0.2%
89	AEON LTD	0.2%
90	TOTO LTD	0.2%
91	EISAI LTD	0.2%
92	MITSUBISHI ESTATE CO LTD	0.2%
93	MITSUBISHI HEAVY INDUSTRIES LTD	0.2%
94	MS&AD INSURANCE GROUP HOLDINGS INC	0.2%
95	SUMITOMO METAL MINING LTD	0.2%
96	SOMPO HOLDINGS INC	0.2%
97	YOKOHAMA RUBBER LTD	0.2%
98	FURUKAWA ELECTRIC LTD	0.2%
99	YAMAHA MOTOR LTD	0.2%
100	ISETAN MITSUKOSHI HOLDINGS LTD	0.2%
101	MITSUI KINZOKU LIMITED LTD	0.2%
102	YAMAHA CORP	0.2%
103	SEKISUI HOUSE LTD	0.2%
104	ZOZO INC	0.2%
105	OBAYASHI CORP	0.2%
106	SHIZUOKA FINANCIAL GROUP INC	0.2%
107	FUJITSU LTD	0.2%
108	MITSUBISHI UFJ FINANCIAL GROUP INC	0.2%
109	DENTSU GROUP INC	0.2%
110	AMADA LTD	0.2%
111	DAI NIPPON PRINTING LTD	0.2%
112	JAPAN AIRLINES LTD	0.2%
113	NH FOODS LTD	0.2%
114	KAJIMA CORP	0.2%
115	MARUI GROUP LTD	0.1%
116	TAISEI CORP	0.1%
117	KIRIN HOLDINGS LTD	0.1%
118	KUBOTA CORP	0.1%
119	SHISEIDO LTD	0.1%
120	KYOWA KIRIN LTD	0.1%
121	SOCIONEXT INC	0.1%
122	CHIBA BANK LTD	0.1%
123	TOPPAN HOLDINGS INC	0.1%
124	FUJI ELECTRIC LTD	0.1%
125	SHIMIZU CORP	0.1%
126	JGC HOLDINGS CORP	0.1%
127	SUBARU CORP	0.1%
128	ORIENTAL LAND LTD	0.1%
129	IDEMITSU KOSAN LTD	0.1%
130	KAWASAKI KISEN LTD	0.1%
131	JAPAN POST HOLDINGS LTD	0.1%
132	NICHIREI CORP	0.1%
133	TAKASHIMAYA LTD	0.1%
134	NIKON CORP	0.1%
135	JTEKT CORP	0.1%
136	IHI CORP	0.1%
137	NEC CORP	0.1%
138	SOFTBANK CORP	0.1%
139	ALPS ALPINE LTD	0.1%
140	SUMITOMO MITSUI FINANCIAL GROUP IN	0.1%
141	NISSHIN SEIFUN GROUP INC	0.1%
142	YAMATO HOLDINGS LTD	0.1%
143	OKUMA CORP	0.1%
144	ASAHI KASEI CORP	0.1%
145	KEISEI ELECTRIC RAILWAY LTD	0.1%
146	NIPPON ELECTRIC GLASS LTD	0.1%
147	SAPPORO BREWERIES LIMITED LTD	0.1%
148	TOKAI CARBON LTD	0.1%
149	YOKOHAMA FINANCIAL GROUP INC	0.1%
150	CENTRAL JAPAN RAILWAY	0.1%
151	RESONAC HOLDINGS	0.1%
152	DOWA HOLDINGS LTD	0.1%
153	JAPAN STEEL WORKS LTD	0.1%
154	NIPPON EXPRESS HOLDINGS INC	0.1%
155	KURARAY LTD	0.1%
156	DAIWA SECURITIES GROUP INC	0.1%
157	TOKYO TATEMONO LTD	0.1%
158	NIPPON YUSEN	0.1%
159	MITSUI OSK LINES LTD	0.1%
160	SUMITOMO PHARMA LTD	0.1%
161	J.FRONT RETAILING LTD	0.1%
162	MEIJI HOLDINGS LTD	0.1%
163	NTT INC	0.1%
164	FUKUOKA FINANCIAL GROUP INC	0.1%
165	NOMURA HOLDINGS INC	0.1%
166	KAWASAKI HEAVY INDUSTRIES LTD	0.1%
167	RICOH LTD	0.1%
168	TOSOH CORP	0.1%
169	AGC INC	0.1%
170	INPEX CORP	0.1%
171	TOKYU FUDOSAN HOLDINGS CORP	0.1%
172	NISSUI CORP	0.1%
173	NSK LTD	0.1%
174	ENEOS HOLDINGS INC	0.1%
175	CYBER AGENT INC	0.1%
176	TOKYO GAS LTD	0.1%
177	SUMITOMO MITSUI TRUST GROUP INC	0.1%
178	TORAY INDUSTRIES INC	0.1%
179	ISUZU MOTORS LTD	0.1%
180	OSAKA GAS LTD	0.1%
181	SUMITOMO HEAVY INDUSTRIES LTD	0.1%
182	TOKUYAMA CORP	0.1%
183	T&D HOLDINGS INC	0.1%
184	CASH COLLATERAL JPY MSIFT	0.1%
185	EAST JAPAN RAILWAY	0.1%
186	DENKA CO LTD	0.0%
187	PAN PACIFIC INTERNATIONAL HOLDINGS	0.0%
188	MITSUI CHEMICALS INC	0.0%
189	DENA LTD	0.0%
190	MIZUHO FINANCIAL GROUP INC	0.0%
191	ODAKYU ELECTRIC RAILWAY LTD	0.0%
192	OJI HOLDINGS CORP	0.0%
193	TOKYU CORP	0.0%
194	DAIICHI LIFE GROUP INC	0.0%
195	RAKUTEN GROUP INC	0.0%
196	KEIO CORP	0.0%
197	SHIFT INC	0.0%
198	TOHO (TOKYO) LTD	0.0%
199	SHARP CORP	0.0%
200	TOBU RAILWAY LTD	0.0%
201	HASEKO CORP	0.0%
202	WEST JAPAN RAILWAY	0.0%
203	MITSUBISHI CHEMICAL GROUP CORP	0.0%
204	KONICA MINOLTA INC	0.0%
205	SUMCO CORP	0.0%
206	SUMITOMO CHEMICAL LTD	0.0%
207	SOJITZ CORP	0.0%
208	MITSUBISHI MATERIALS CORP	0.0%
209	NTN CORP	0.0%
210	TAIHEIYO CEMENT CORP	0.0%
211	CHUBU ELECTRIC POWER INC	0.0%
212	TEIJIN LTD	0.0%
213	ANA HOLDINGS INC	0.0%
214	UBE CORP	0.0%
215	AOZORA BANK LTD	0.0%
216	NISSAN MOTOR LTD	0.0%
217	NIPPON STEEL CORP	0.0%
218	KANADEVIA CORP	0.0%
219	ARCHION CORP	0.0%
220	RESONA HOLDINGS INC	0.0%
221	KANSAI ELECTRIC POWER INC	0.0%
222	MAZDA MOTOR CORP	0.0%
223	KOBE STEEL LTD	0.0%
224	JFE HOLDINGS INC	0.0%
225	LY CORP	0.0%
226	GBP CASH	0.0%
227	TOKYO ELECTRIC POWER HOLDINGS INC	0.0%
228	MITSUBISHI MOTORS CORP	0.0%
229	EUR CASH	0.0%
230	NIKKEI 225 (SGX) SEP 26	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 3% of similar ETFs💰 All-in cost cheaper than 3%📈 Higher 1-yr return than 94%📈 Higher 3-yr return than 34%📈 Higher 5-yr return than 52%📊 Beat its category by 14.1% (1-yr) (category average +29.7%)📊 Behind its category by 3.3% (3-yr) (category average +20.8%)📊 Behind its category by 3.2% (5-yr) (category average +13.9%)

Versus the Equity (stocks) · Japan · EUR ETFs we track.

Advanced risk

1.25

Sortino (3y) ?

0.87

Calmar (3y) ?

16.3%

Downside deviation ?

67%

Up months (hit rate) ?

¥403.90

52-week high ?

¥236.65

52-week low ?

Concentration depth

~24 ?

Effective number of holdings

Roughly 230 companies are held, but the largest names carry most of the weight — so it behaves like ~24 equal-sized positions.

Tilt vs a world tracker

Japan+94.2

United States-72.1

Financials-13.3

Technology+9.0

Consumer Discretionary+7.8

Industrials+5.0

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

Documents

📄 KID (PDF)

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Japan stocks

Compare side by side

6 similar funds

	iShares Nikkei 225 UCITS ETFiSharesYou're viewing	UBS Core MSCI Japan UCITS ETF hGBP disUBSBroader match	UBS Core MSCI Japan UCITS ETF hCHF accUBSBroader match	UBS Core MSCI Japan UCITS ETF hEUR disUBSBroader match	UBS Core MSCI Japan UCITS ETF hEUR accUBSBroader match	UBS Core MSCI Japan UCITS ETF USD accUBSBroader match	UBS Core MSCI Japan UCITS ETF hUSD accUBSBroader match
Why it's similar	This is the fund on this page.	StocksPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	Nikkei 225	MSCI Japan	MSCI Japan	MSCI Japan	MSCI Japan	MSCI Japan	MSCI Japan
Yearly fee (TER)	0.48%	0.15%	0.15%	0.15%	0.15%	0.12%	0.15%
All-in cost	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Fund size	€533.4M	€1.5T	€1.4T	€1.3T	€1.3T	€1.1T	€1.1T
Domicile	Ireland	LU	LU	LU	LU	LU	LU
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	+17.6%	+26.9%	+23.9%	+26.8%	+27.0%		+29.6%
5-yr return p.a.	+10.7%	+20.4%	+18.7%	+19.6%	+20.7%		+23.1%
# holdings	230	10	10	10	10	10	10

The fund on this page stays pinned on the left — scroll or use ‹ › to compare it against each one.

Open the full comparison tool →

Data as of 2026-07-28 · Source: issuer data, compiled by Finance Hamster

New to ETFs? Start with the basics →

Finance Hamster provides educational information about ETFs and investing. It is not investment, tax, or legal advice, and not a recommendation to buy or sell any security. Markets carry risk; do your own research or consult a licensed adviser.