What Is the BKF ETF? A Complete Guide to Returns, Expense Ratio, Holdings and Alternative ETFs
This article introduces the iShares MSCI BIC ETF (BKF), which holds emerging market stocks from Brazil, India and China in a single fund. It tracks the MSCI BIC Index and pays dividends semiannually. The article covers emerging market growth and volatility, along with the fund's outlook and dividend characteristics.
SubscribeWhat Is the iShares MSCI BIC ETF?
This fund tracks the MSCI BIC Index and invests in stocks from three emerging markets: Brazil, India and China. It holds large- and mid-cap stocks from the three markets, weighted by free-float-adjusted market capitalization, to reflect their combined performance.
It suits investors who want diversified exposure to Brazil, India and China at once, rather than picking individual emerging markets separately.
It is a passive (index-tracking) ETF managed by iShares.
How Does the iShares MSCI BIC ETF Invest?
| Item | Details |
|---|---|
| Tracked index | MSCI BIC |
| Management style | Passive (index-tracking) |
| Rebalancing frequency | Quarterly |
| Dividend frequency | Semiannual |
| Issuer | iShares |
| Total expense ratio | 0.72% |
The fund places most of its assets in the constituents of the MSCI BIC Index and in investments with substantially the same characteristics. Stock weights are set by market capitalization, and rebalancing is applied quarterly so the fund follows the combined movement of the three emerging markets.
- Combined exposure to Brazil, India and China in a single product
- Broad emerging market diversification that eases single-country concentration
iShares MSCI BIC ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $63.4M, and the total expense ratio is 0.72% per year.
Investors seeking broad emerging market exposure can compare the regional ETFs shown in the table, weighing fees and regional composition, before choosing.
iShares MSCI BIC ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeBecause the fund reflects the movements of three emerging stock markets together, its performance depends on the direction of the Chinese, Indian and Brazilian markets. As is typical of emerging markets, price swings tend to be larger than in developed markets.
Fund flows ebb and flow with emerging market sentiment, the strength of the dollar and global risk appetite. In risk-averse phases, money tends to leave emerging markets broadly, while inflows increase when risk appetite improves.
iShares MSCI BIC ETF Pros and Cons
Its strength is diversification across three emerging markets in one product, while its weaknesses are the high volatility typical of emerging markets and currency and regulatory risk.
💪 Key Strengths
⚠️ Points to Watch
iShares MSCI BIC ETF Alternative ETFs and Related Products
EZU (Europe), VPL (Asia-Pacific) and ILF (Latin America), which also appear in the table, are products focused on specific regions, so their regional exposure and strategy differ from BKF, which combines three emerging markets. To broaden exposure to emerging markets as a whole, you can consider broad emerging market ETFs such as EEM and VWO. To concentrate on a specific country, country-specific products such as FXI for China, INDA for India and EWZ for Brazil can serve as substitutes or complements.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 EZU | iShares MSCI EMU ETF | $65.16 | -1.6% | $9.2B | 0.50% | 2.83% | +4.4% |
 VPL | Vanguard FTSE Pacific ETF | $108.71 | -2.3% | $8.6B | 0.07% | 2.23% | +19.0% |
 AIA | iShares Asia 50 ETF | $126.95 | -3.5% | $4.7B | 0.50% | 0.99% | +29.1% |
 ILF | iShares Latin America 40 ETF | $32.13 | -1.7% | $3.4B | 0.47% | 3.03% | +10.1% |
 BDYN | iShares Dynamic Equity Active ETF | $27.10 | -2.3% | $3.2B | 0.39% | 0.32% | +6.8% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
| BABA | Alibaba Group Holding Ltd ADR | 0.18% | $98.04 | -1.5% | $243.9B | 23.1 | 1.14% |
| HDB | HDFC Bank Ltd ADR | 0.06% | $22.18 | +1.7% | $114.1B | 13.2 | 1.93% |
| IBN | ICICI Bank Ltd ADR | 0.05% | $29.45 | +1.1% | $105.7B | 16.8 | 0.98% |
| PDD | PDD Holdings Inc ADR | 0.02% | $78.61 | -0.8% | $111.9B | 8.7 | - |
iShares MSCI BIC ETF Investor Checkpoints
Here are the points to review before investing in BKF. Because it combines three emerging markets into one product, checking volatility, currency exposure, regional weights and the long-term cost burden in advance can help your decision.
| Checkpoint | What to check | Current status |
|---|---|---|
| 🌎 Regional composition | Check the weights of Brazil, India and China | Market-cap weighted |
| 💵 Expense ratio | Check the cumulative effect over a long holding period | Annual fee applies |
| 📈 Volatility | Whether you can tolerate the swings typical of emerging markets | On the high side |
| 💱 Currency | Effect of local currency and dollar movements | Not currency hedged |
The high volatility of emerging stock markets, along with currency and regulatory risk, is the main factor that can shake short-term performance. A sharp decline in one of the three countries can weigh heavily on overall results.
This is a combined emerging market ETF suited to investors who want to diversify across Brazil, India and China in one product. To broaden exposure to emerging markets overall, consider broad ETFs such as EEM and VWO, and if you prefer to concentrate on a specific country, it is worth reviewing country-specific ETFs as well.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of July 2, 2026.
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