While EWO is steady compared to more volatile single-country Europe ETFs, that does not mean the fund is free of risk. Austria’s economic recovery is not expected to begin in earnest until later this year or 2014 as exports are seen as vulnerable to the whims of peripheral Eurozone economies. Export-sensitive sectors industrials and materials combine for over 36% of EWO’s weight.
Financials are the ETF’s largest sector weight at 35.8%. EWO, which has $84.2 million in assets under management, is home to 29 stocks and charges 0.5% per year. In a research note published last week, S&P Capital IQ rated EWO maretkweight. [Fundamentals Looking up for Europe ETFs]
iShares MSCI Austria Capped ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EWD.