ETF Trends
ETF Trends

ETF Spotlight on Vanguard MSCI Europe ETF (NYSEArca: VGK), part of an ongoing series.

Assets: $3.7 billion

Objective: The Vanguard European ETF tries to reflect the performance of a benchmark index that measures the investment returns of stocks issued by companies in the major European markets.

Holdings: Top holdings, which make up 19.7% of total net assets, include: Royal Dutch Shell, Nestle, HSBC Holdings, Novartis, BP PLC, Vodafone Group, Roche Holding, Total SA, GlaxoSmithKline PLC and Siemens AG.

What You Should Know

  • VGK has an expense ratio of 0.16%.
  • The fund has 479 holdings.
  • Country allocations include: U.K. 32.7%, France 15.7%, Germany 12.3%, Switzerland 12.0%, Spain 5.5%, Sweden 4.4%, Italy 4.5%, Netherlands 5.2%, Denmark 1.5%, Belgium 1.5%, Finland 1.7%, Norway 1.2%, Austria 0.5%, Portugal 0.4%, Greece 0.5%, Ireland 0.4%.

The Latest News

  • Greece failed to reach the necessary requirements to the receive the latest $17.1 billion bailout installment promised for July, after the the Greek government failed to reach an agreement budget cuts, report James G. Neuger and Stephanie Bodoni for Bloomberg.
  • Other ETFs for Europe such as SPDR EURO STOXX 50 ETF (NYSEArca: FEZ), SPDR STOXX Europe 50 ETF (NYSEArca: FEU) and SPDR S&P Emerging Europe ETF (NYSEArca: GUR) traded lower Monday. [Europe ETFs Fall]
  • Ireland and Portugal, like Greece, have obtained emergency loans in the past year.
  • Moody’s Investor Services stated last week that Italy’s Aa2 sovereign debt rating may be downgraded since Italy sits on a 2010 debt level of 119% of GDP.

For past stories in this series, visit our ETF Spotlight category.

Vanguard MSCI Europe ETF

Max Chen contributed to this article.

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.