6 Europe ETFs Are Top Picks
Zacks Investment Research | Sep 14, 2017 12:01AM ET
Euro may be rising this year, causing many to fear a crash in European companies’ equities, especially those that are export oriented. After all, CurrencyShares Euro ETF (NYSE:FXE) fastest growth ” since 2007.
Against this backdrop, we highlight a few European ETFs that offer solid potential.
Sweden – iShares MSCI Sweden Capped ETF (EWD )
The Swedish economy is on a strong uptrend, having advanced 1.3% sequentially in the second quarter of 2017, trumping market expectations of 1% and following an upwardly revised 0.6% growth in the previous period.
This was the strongest clip of expansion since the last quarter of 2015, helped by net exports and government spending. Sweden's central bank is not likely to consider a rate hike until the middle of 2018 and wants to keep it at -0.5% now, which in turn should boost growth.
Denmark – iShares MSCI Denmark Capped ETF ( (PA:EDEN) )
The ministr y, the economy is likely to close out 2017 with the best growth rate in 10 years. “Over the last three years, GDP has risen by 1.7 percent per year,” the ministry added.
The highest tax to GDP ratio of any developed nation, also considers cutting taxes on cars and pensions. This should benefit the country’s growth further.
Austria – iShares MSCI Austria Capped (EWO )
Austria's economy advanced 2.2% sequentially in the second quarter of 2017, below an upwardly revised 2.5% growth in the second quarter. The country’s manufacturing activity grew at the fastest clip in 0.8% sequentially in the second quarter, marking the highest growth rate since the first quarter of 2011. This makes it important to bet on this Austria ETF.
Germany – iShares MSCI Germany ETF (EWG )
Economic growth is gaining momentum in countries including Germany and France, as per growth engine .
In the second quarter of 2017, GDP rose 2.10% year over year, higher than 2% growth reported in the previous period and in line with the preliminary estimate. Sequentially, the economy grew 0.6%, marking the 12th quarter of expansion in a row (see all European Equity ETFs here).
France – iShares MSCI France ETF (EWQ )
The How will Macron's Labor Reforms Impact ETFs ).
The Netherlands – iShares MSCI Netherlands Investable ETF (EWN )
The Dutch economy jumped 1.5% , breezing past market expectations of 0.6%.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.