EWK’s large allocation to food, beverage and staples stocks does mean the ETF is slightly pricier than a broader measure of Eurozone stocks so last month’s Europe selloff brings relief on the valuation front for the Belgium ETF.
“The investment mood has been very good, despite China’s fundamental problems. In fact, there are a few good reasons to invest in European equities. For example, quantitative easing provides support to consumption and money supply in the eurozone. Result? Better growth,” notes the Seeking Alpha Commentary on EWK.
iShares MSCI Belgium Capped ETF