Although EWQ has not recently suffered at the hands of the strong euro, it is worth noting the ETF to exporters in the industrial and consumer discretionary sectors, two groups that combine for a nearly of the fund’s weight, according to iShares data.
Additionally, French stocks, perhaps by way of their “laggard” status to these markets, are less expensive than their British, German and Swiss counterparts. French 10-year government bonds now yield less than 2% for the first time in almost a year, indicating investors have faith in the country despite it grappling with budget deficit issues. Investors can grab a trailing 12-month yield of 2.37% on EWQ, 55 basis points above the yield on the S&P 500. [Say Yes to the France ETF]
iShares MSCI France ETF
