iShares MSCI ACWI ex U.S. is an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI All Country World Index ex USA (the Index). The Index is a free float-adjusted market capitalization-weighted index designed to measure the combined equity market performance of developed and emerging markets countries, excluding the United States. As of Jul 31 2015, the Fund's total assets were $2,047,196,120 and the Fund's investment portfolio was valued at $2,039,019,583. We show 93 historical shares outstanding datapoints in our ACWX shares outstanding history coverage, used to compute ACWX market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ACWX market cap history over the course of time is important for investors
interested in comparing ACWX's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ACWX versus a peer is one thing; comparing
ACWX market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ACWX can fluctuate over the course of history.
With this page we aim to empower investors researching ACWX by allowing them to research the ACWX market cap history. |
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Video: The Importance of Market Cap
