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International WEBS

Equity securities that are designed to track the stock market performance of a specific country. In particular, they are designed to emulate the performance of a specific Morgan Stanley Capital International (MSCI) index. The MSCI indices are not actively managed country funds, but rather baskets of stocks intended to correspond with the general performance of a country's stock market. For example, the Hong Kong WEB (EWH) is designed to correspond to the performance of the Hang Seng Index.
(source: StockCharts.com)
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