About IUFS ETF
Blackrock Financials UCITS ETF is an exchange-traded fund incorporated in Ireland that aims to track the performance of the S&P 500 Capped 35/20 Financials Index and is managed by BlackRock which is the largest asset manager in the world managing over USD 6 trillion.
By far the easiest way to get around US withholding tax is to buy Irish domiciled ETFs. The US has various income tax treaties with countries in order to avoid double taxation of the same income and to prevent tax evasion. In particular, there is a US-Ireland tax treaty that reduces withholding tax from the standard 30% to 15%.
About the Fund Manager:
Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
Blackrock Financials UCITS ETF is an exchange-traded fund incorporated in Ireland that aims to track the performance of the S&P 500 Capped 35/20 Financials Index.
IUHC has invested 100% of its Assets in Financials.
IUHC has invested 100% of its Assets in the US.
How did we identify this ETF:
A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.