World Equity Benchmark Series - WEBS

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DEFINITION of 'World Equity Benchmark Series - WEBS'

A type of international fund traded on the American Stock Exchange that follows the Morgan Stanley Capital International (MSCI) country indexes. It was introduced in 1996 by Morgan Stanley and is a type of hybrid security that possesses qualities from both open and closed-end funds. Investors can use WEBS to achieve international diversification effectively and efficiently.

INVESTOPEDIA EXPLAINS 'World Equity Benchmark Series - WEBS'

WEBS is available for many different countries, including Australia, Austria, Belgium, Canada, France, Germany, Hong Kong, Italy, Japan, Malaysia, Mexico, the Netherlands, Singapore, Spain, Sweden, Switzerland and the United Kingdom. The MSCI the WEBS follows reflects around 60% of the capitalization of a country's stock market.

RELATED TERMS
  1. Hybrid Security

    A security that combines two or more different financial instruments. ...
  2. Closed-End Fund

    A closed-end fund is a publicly traded investment company that ...
  3. Benchmark

    A standard against which the performance of a security, mutual ...
  4. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected ...
  5. Diversification

    A risk management technique that mixes a wide variety of investments ...
  6. MSCI Inc

    An investment research firm that provides indices, portfolio ...
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