FXEU’s largest sector weight is 27.3% to financial services followed by nearly 20% to consumer staples names. At 14.1% and 13.7%, respectively, consumer discretionary and industrial names are FXEU’s other double-digit sector weights. Man SE is FXEU’s largest holding at a weight of 3.05% and only one of new ETF’s other holdings, Celesio AG, has a weight of over 2%.
“International investing is often accompanied by the risks of uncertain stock selection and foreign exchange fluctuations. While the Eurozone economy presents an important opportunity to global investors, changing economic, geopolitical and market dynamics have led many to re-think currency and volatility risk. Further enhancing our suite of low volatility solutions, FXEU allows participation in the European equity market’s potential upside while aiming to protect portfolios from potential market downturns, said PowerShares Managing Director Dan Draper in the statement.
FXEU Top Holdings
Table Courtesy: PowerShares