Exchange traded funds with an international focus have enjoyed better returns than their U.S. counterparts. European ETFs have been performing well and reaching new highs this month. The top country performers are iShares MSCI Spain (EWP) up 9% for the month, iShares MSCI Austria (EWO), up 8%, iShares MSCI Belgium (EWK) and iShares MSCI Sweden (EWD) with a 5% gain each.
Sam Patel reports on these ETFs in TheStreet.com and shows that each are heavy weighted in the banking sector, which has been doing well globally. Spain and Sweden have the fastest grwoing economies. Spain’s economy is the biggest of the four countries.
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.