Many pundits have continually pointed to Germany as being the strongest hand in the Eurozone, and any buyers at these levels are likely making a valuation bet that the country is attractively priced and thus oversold due to exogenous pressures from other European countries, namely Greece and Spain for instance. [Dollar ETF Rally Reveals Market Fear, Risks]
EWG is reasonably balanced across various industry sectors, with sector weightings listed as follows: Industrials (17.97%), Consumer Discretionary (17.70%), Financial Services (16.62%), Basic Materials (11.64%), Healthcare (10.75%), Technology (8.36%), Utilities (7.37%), Communication Services (3.98%), and Consumer Staples (3.31%). Top holdings in the fund are currently, SIE (9.20%), BASF SE (8.91%), SAP AG ADR (7.13%), Bayer AG (6.45%), and Daimler AG (6.06%).
iShares MSCI Germany
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