Stunted Stalwart Growth For German ETF?

Strong exports have been key in Germany’s latest economic growth, sending focused stocks and exchange traded funds (ETFs) upward. A stronger euro is a worry that exports from the euro zone will be less desirable and competitive in overseas markets. As a result, German investors confidence has plunged to its lowest level in 14 years, as the U.S. subprime mortgage crisis fuels expectations of a "significant economic downturn".

The Associated Press reports that the continuously extending subprime crisis has financial market experts readjusting economic expectations. The ZEW’s index, a measure of investors economic expectations for the next six months, fell to -32.5 points in November, from -18.5 points the previous month. iShares MSCI Germany Index (EWG), currently up 31.7% year-to-date, may reflect any expectations about the German economic environment.