Not only has Europe outperformed its domestic counterparts, but the like stocks are also cheaper. The streetTRACKS Dow Jones Euro STOXX 50 (FEZ) exchange traded fund offers a great cross section of large-cap European stocks with an average PE of just under 13. Year-to-date the ETF is up 15%. The FEZ seeks investment returns that replicate as closely as possible, before expenses, the price and yield of the Dow Jones Euro STOXX 50 Index. The ETF typically invests at least 90% of its assets in component securities that comprise the Dow Jones Euro STOXX 50 Index.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.