The $263.3 million EWO is inexpensive relative to U.S. stocks and ex-US developed markets benchmarks. EWO has a price-to-earnings ratio of just 13.67 and a price-to-book ratio of 1.45.

“Kurz’s pro-EU stance means markets expect Austria’s departure from the European Union will not take place, boosting investor confidence. Austrian stocks are up more than 30% year to date and more than 3% over the past month, which covered the 15 October election. That compares to just over 11% performance year to date for European stocks as a whole,” according to Track Insight.

EWO allocates nearly 31% of its weight to financial services stocks and a combined 36% of its roster to energy and materials names. The ETF charges 0.48% per year, or $48 on a $10,000 investment.

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