2024-05-30 13:02:00 ET
Summary
- The article evaluates the iShares MSCI United Kingdom ETF as an investment option at its current market price.
- I have long been a bull on British equities, but see a macro-environment that warrants a bit more caution after an 18% pop since my last review of EWU.
- Political headwinds are top of mind, with an election coming up in July. I see the Financial sector being in the cross-hairs specifically, assuming the Labour Party takes control of the government.
Main Thesis & Background
The purpose of this article is to evaluate the iShares MSCI United Kingdom ETF (NYSEARCA: EWU ) as an investment option at its current market price. The fund's stated objective is "to track the investment results of an index composed of U.K. equities." The fund offers exposure to large and mid-sized companies that are based in the United Kingdom....
Read the full article on Seeking Alpha
For further details see:
EWU: With A Potential Change Of Government Forthcoming In Britain, I'm Lowering My Expectations (Rating Downgrade)