“Looking back over the last 40 years, European stocks have been this cheap relative to the U.S. on 17 occasions. In 80% of those instances, European stocks outperformed the U.S. and produced positive returns 88% of the time,” Morgan told IBD.
FEZ is not heavy on the PIIGS countries as the ETF features no exposure to Greece or Portugal, but Spain, Italy and Ireland combine for nearly 22% of the fund’s weight. Five German and three French companies are found among the ETF’s top-10 holdings. [Pretty PIIGS ETFs]
SPDR EURO STOXX 50 Fund
ETF Trends editorial team contributed to this post.