What does Country Basket mean?
A basket of stocks in foreign countries combined into one security as an exchange traded fund. The country basket generally is designed to mirror the other country exchange’s major index. The word ‘country’ here refers to a nation other than home country
Futures Knowledge Explains Country Basket
Country baskets are designed by brokerage firms and similar to passive exchange traded funds. A country basket generally tracks the performance of the overall economy of that nation. A country basket provides a simple way to have the benefits of own multiple stocks of the other country without hassle of managing multiple securities. It is also used by investors to hedge and balance the portfolio.