Big Europe ETF Tested by Europe's Big Day

VGK just got a little cheaper. Earlier this year, Vanguard unveiled another round of fee cuts and VGK was part of that group. The Europe ETF now charges 0.1% per year, or $10 on a $10,000 investment, down from 0.12% per year.

“The bullish attitude toward VGK is further demonstrated by the latest inflows data. According to BofA-Merrill Lynch, European equity funds have seen 10 straight weeks of inflows. Likewise, while investors pulled $1.6 billion out of U.S. ETFs in May — the only group outside of commodities to see outflows last month — $23 billion flowed into international ETFs, per In fact, Vanguard FTSE Europe ETF saw the fifth biggest ETF inflows in May,” according to Schaeffer’s.

Data suggest enthusiasm for VGK is trickling down to the options market.

“As such, VGK options volume has exploded in 2017. Call open interest is at its highest point since July 2016, while put open interest has skyrocketed roughly tenfold since mid-November, peaking at nearly 119,000 contracts on May 19,” notes Schaeffer’s.

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