August 15, 2007 at 11:15 am by Tom Lydon
When we last looked at the iShares MSCI Netherlands Index (EWN) exchange traded fund (ETF) it was up 13% for the year. Although EWN, along with most of Europe and the rest of the world, has been hit hard by the recent market decline, it’s still up 9.8% year-to-date. However, it is skimming its trend line. EWN is heavy in the service sector that makes up more than 53.6%. Financials make up 39.4% of the ETF; business services 8.7% and consumer services 5.5%.
Carl Delfeld of ETF XRAY notes that the Netherlands has a prosperous and open economy that welcomes world trade. It’s economy is noted for stable industrial relations, moderate unemployment and inflation, according to the 2007 CIA World Factbook. It’s GDP grew 2.9% in 2006.
Tags: EWN, Netherlands, Sector ETFs
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