September 11, 2007 at 4:04 pm by Tom Lydon
The Netherlands’ exchange traded fund (ETF) could see increased activity as the country’s largest companies continue to expand globally. Currently, the iShares MSCI Netherlands Index (EWN) is up 12.9% and is above its long-term trend line. ABN AMRO, the country’s largest bank and EWN’s largest holding at 16.5%, could soon be under foreign control. The country’s Prime Minister Wouter Bos already has given approval for an $82 billion takeover offer for ABN by Barclays and is scheduled to decide on a rival bid by the Royal Bank of Scotland within the next couple of weeks, according to Gilbert Kreijger for Reuters.
Tags: EWN, Netherlands
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