iShares MSCI USA Equal Weighted ETF

What this fund is

iShares MSCI USA Equal Weighted ETF is an exchange-traded fund (ETF) from iShares, traded under the ticker EUSA (ISIN US4642866812). 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 well — and their falls when they don't, spread across its target market. It follows the MSCI USA index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down.

It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.09% a year — about €9 a year on a €10,000 holding, taken automatically from the fund. It holds the underlying investments directly (physical replication). Its price has swung about 12% over the past year — a gauge of how much the value moves, not a judgement of quality.

It launched in 2010. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from iShares.)