UBL Pakistan Enterprise ETF
EWK NYSE
iShares MSCI Belgium ETF · by BlackRock
EWK provides exposure to Belgian equities, including globally competitive companies in chemicals, brewing, and pharmaceuticals. Belgium is home to corporate giants like AB InBev and UCB.
EWK: Belgium's Hidden Champions
The iShares MSCI Belgium ETF provides access to Belgium's sophisticated equity market, home to several globally dominant companies. Despite Belgium's small size, its companies punch well above their weight in global markets.
AB InBev: World's Largest Brewer
Anheuser-Busch InBev, headquartered in Belgium, is the world's largest brewer with brands including Budweiser, Corona, and Stella Artois. It typically represents 20-25% of the Belgian market index.
Chemical Industry
Belgium has a world-class chemical industry, with Solvay and Umicore being notable companies. Umicore is particularly interesting as a leader in battery materials for electric vehicles.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | AB InBev | BUD | Consumer Staples | 22.50% | $79.10 0.85% |
| 2 | KBC Group | KBCSY | Financial | 12.80% | $76.59 -1.42% |
| 3 | UCB S.A. | UCBJY | Healthcare | 8.50% | $129.08 0.46% |
| 4 | Argenx SE | ARGX | Healthcare | 7.20% | €907.40 3.21% |
| 5 | Umicore | UMICF | Basic Materials | 5.80% | $27.26 0.37% |
Frequently asked questions
What makes Belgium interesting for investors?
Belgium is home to globally dominant companies in brewing (AB InBev), chemicals (Solvay, Umicore), pharmaceuticals (UCB), and healthcare (Argenx) that derive most revenue internationally.
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EWK discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
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EWK price prediction 2026: what actually drives it?
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