European exchange traded funds are turning around and reaching new highs reports Christina Wise in Investors Business Daily. Many of the holdings within the ETFs are fresh off recent breakouts.
iShares S&P Europe 350 (IEV) reached a new high today and is up 7% for the last 3-months. Novartis (NVS) is one of the top holdings and hit a new record high this week. MSCI EMU Index Fund (EZU) also reached a new high today and is up 9% for the last 3-months. Banco Santander (STD), a top holding, reached a new high this week as well.
For full disclosure, EZU is held in some of Tom Lydon’s client accounts.
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