For example, European insurance firms are expected to raised dividends to the highest of any industry there except utilities. French insurance giant Axa is EWQ’s fifth-largest holding and the ETF allocates more than 17% of its weight to the financial services sector. [European Dividends on the Mend]
In recent years, France has been a leading source of Eurozone dividend growth and French financials have been significant contributors to that growth. Ex-U.K. European dividends rose 12.3% to $229.4 billion last year.
The $351.1 million EWQ is up 6.2% this while the CAC 40 is up 7.5%.
iShares MSCI France ETF