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MORE-S3

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--%
1d
1w
1m

Analysis and statistics

  • Open
    11984.4538$
  • Previous Close
    11984.4538$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
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  • Beta
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  • Volume
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About

The ETF with the symbol MORE-S3.TA trades on the Tel Aviv Stock Exchange (TASE) and is managed by Psagot Investment House Ltd. It tracks the performance of the S&P 500 index with currency hedging. This means the fund aims to replicate the returns of the S&P 500 while minimizing the impact of fluctuations in the exchange rate between the US dollar and the Israeli Shekel. MORE-S3.TA is a shekel-denominated fund, making it more convenient for Israeli investors seeking exposure to the US stock market without the added volatility of currency exchange rate changes.
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Factors

Constituent Stock Prices: The ETF's price directly reflects the prices of the stocks it holds. If those stocks rise, the ETF generally rises, and vice-versa.

Supply and Demand: Higher demand pushes the price up, while increased selling pressure causes it to decline. ETF creation and redemption mechanisms help keep price aligned with net asset value, but imbalances can still occur.

Index Tracking Accuracy: How closely the ETF mirrors the Solactive Singapore Free 30 Equal Weight Index impacts its price. Imperfect tracking leads to deviations.

Foreign Exchange Rates: As the underlying assets are Singaporean, fluctuations in the SGD against other currencies affect the ETF's price when viewed internationally.

Management Fees and Expenses: The ETF's operating costs are factored into its Net Asset Value (NAV), indirectly influencing the ETF's market price.

Market Sentiment: Overall investor optimism or pessimism towards the Singaporean market can influence the ETF's price, beyond the specific performance of its holdings.

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