2024-02-21 18:01:01 ET
Summary
- SPDR® EURO STOXX 50 ETF has delivered acceptable returns of around 16% over the past year but has still lagged the S&P 500 Index.
- We remain concerned about the unsteady macro backdrop in Europe.
- We highlight how the FEZ ETF compares to the most popular option in this space.
- The charts suggest a long position at this juncture may not be too prudent.
Introduction
The SPDR® EURO STOXX 50 ETF ( FEZ ), with over two decades of trading history, is a $2.8bn sized product that focuses on 50 of the Eurozone’s most prominent and liquid stocks. These stocks are also considered to be leaders within their respective sectors, so there’s a sense of wedging oneself onto the who's who of corporate Europe....
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For further details see:
3 Reasons Why The FEZ ETF May Not Be A Good Choice