The $123.1 million EWK represents a compelling avenue for conservative investors to gain Eurozone exposure. EWK’s three-year standard deviation of 13.85% is well below the 17.48% found on the iShares MSCI EMU ETF (NYSEArca: EZU).
EWK’s conservative posture also shines though at the sector level where the ETF allocates 23.7% of its weight to beer giant Anheuser-Busch InBev (NYSE: BUD). Overall, the ETF features a 32% weight to the consumer staples sector. None of EWK’s other 44 holdings receive a weight north of 7.7%. [Belgium ETF Shines]
EWK trades a third of a percent above its 200-day moving average and about 5.7% below its 52-week high.
Bel-20 Index
Chart Courtesy: Dana Lyons, J. Lyons Fund Management