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iShares STOXX Europe 600 Automobiles & Parts UCITS ETF (DE) EUR (Acc)
iShares STOXX Europe 600 Automobiles & Parts UCITS ETF (DE) EUR (Acc) is an exchange-traded fund managed by BlackRock that tracks the STOXX Europe 600 Automobiles & Parts Index. This index comprises companies from the automobiles and parts supersector across developed European markets, including large-, mid-, and small-cap firms as defined by the Industry Classification Benchmark. The ETF employs a full replication strategy, investing in constituent stocks according to their index weightings to mirror the benchmark's price and yield performance. Key holdings feature prominent names like Ferrari NV at 25.71%, Mercedes-Benz Group at 15.02%, BMW at 12.79%, Michelin at 11.4%, and Volkswagen, providing concentrated exposure to Europe's automotive industry. Domiciled in Germany and launched on July 8, 2002, it maintains assets under management around 252 million euros with a total expense ratio of 0.46% p.a. Denominated in euros without currency hedging, this accumulating UCITS-compliant ETF serves as a targeted vehicle for sector-specific equity allocation in the dynamic European automobiles and parts market.