DAX - EWG: Poised To Benefit From A Lower Interest Rate Environment

2024-07-12 18:01:46 ET

Summary

• iShares MSCI Germany ETF launched in 1996 and has $1B in assets, tracking 56 large and mid-sized German companies.
• The fund has performed well on a trailing 1- year basis, and its industrials' exposure is poised to benefit from a lower interest rate environment.
• I currently rate EWG as a buy based on the significance of the German economy and the potential for outperformance on the back of a European recovery.

A lot has been happening in Europe this summer. Recent elections in both the UK and France have garnered the attention of global media. I've been steadfastly watching the Euros, the quadrennial European soccer tournament that is intended to tide us over in between World Cups. This year's Euro Cup is taking place in Germany, and I've realized it has been far too long since I've covered Europe's largest economy....

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