2024-03-07 19:57:05 ET
Summary
- iShares MSCI Europe Financials ETF has had strong returns over the past year, but its long-term performance has been lackluster.
- Country exposure is 50.95% to Eurozone financial stocks, followed by the UK, Switzerland, and Nordic countries.
- Banks account for 45.49% of ETF assets. The sector enjoyed an exceptional 2023, which explains the ETF's P/E of just 8.34.
- Insurance and Financial Services are likely to drive earnings growth going forward.
- Easing monetary policy and end of the Goldilocks economic environment are key risks for the EUFN.
Introduction
The iShares MSCI Europe Financials ETF ( EUFN ) has been on a run recently, with returns over the past year significantly above the ten-year average:
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For further details see:
EUFN: A Low Double Digit Return As Long As Risks Don't Materialize