ETF Trends
ETF Trends

iShares MSCI Belgium (EWK) is one of the European exchange traded funds that has been performing well this year.  Marie Beerens with Investor’s Business Daily reports it is among the top five European ETF performers.  The ETF has returned 22% year-to-date, with the financial sector making up 57% of the holdings.  If you’re in a situation where that market sector is doing well, and it is, and the companies that make it up are doing well, and they’re fairly valued and actually cheap compared to domestic standards, that’s a good thing.

The top two holdings are Fortis, an international financial services firm, and KBC Group, an asset manager for retail and private banking clients.  These two companies make up 39% of the ETF.  EWK continues to trade above its 200-day moving average, even after a correction in June.

Ewk

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.