iShares MSCI Europe Financials ETF (0BYJ)
XBER 
Summary
0BYJ Chart
Europe Financials ETF (EUFN) Hits New 52-Week High
For investors seeking momentum, iShares MSCI Europe Financials ETF EUFN is probably on the radar. The fund just hit a 52-week high and is up 41.6% from its 52-week low price of $21.04/share.
EUFN: Room For Further Valuation Re-Rating
European financials are benefiting from higher interest rates, driving EPS growth of 8% and expanding ROE to 12%. The ETF's valuation is attractive at 9.5x PE and 1.1x PEG vs US large banks at 12x and 1.5x PEG. There is further re-rating potential as the sector closes the gap with US peer. A 10.6x PE would increase the ETF upside to 10%.
Should You Invest in the iShares MSCI Europe Financials ETF (EUFN)?
Designed to provide broad exposure to the Financials - Broad segment of the equity market, the iShares MSCI Europe Financials ETF (EUFN) is a passively managed exchange traded fund launched on 01/20/2010.
iShares MSCI Europe Financials ETF (0BYJ) FAQ
What is the stock price today?
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Does it pay dividends? What is the current yield?
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Has iShares MSCI Europe Financials ETF ever had a stock split?
iShares MSCI Europe Financials ETF Profile
| XBER Exchange | United States Country |
Overview
The company offers an investment fund that focuses primarily on the financial sector within developed European markets. It commits to investing a minimum of 80% of its assets in the securities that are part of its benchmark index and in other investments that mirror the economic characteristics of these securities. This strategy aims to replicate the performance of the index, which is a free float-adjusted, market capitalization-weighted index. Such an index is specifically designed to reflect the performance of the financial sector equities across various developed countries in Europe, providing investors with targeted exposure to this particular segment of the market.
Products and Services
- Component Securities Investment
- Investments with Economic Characteristics Identical to Component Securities
- Focus on Developed European Financials Sector
The fund invests a significant portion of its assets directly in the securities that comprise its underlying index. This approach is designed to closely track the index's performance by holding similar proportions of the same securities, offering investors a transparent and focused investment in the European financial sector.
In addition to direct investment in component securities, the fund also allocates assets to investments that have economic characteristics virtually identical to those of the index's securities. This strategy might include derivative instruments or other financial products that mimic the performance of the index components, enabling the fund to achieve its investment objectives while potentially mitigating risks.
The targeted index encompasses the financial sector of developed markets in Europe, thereby concentrating the fund's investment in this specific geographic and sectoral area. The fund seeks to benefit from the performance of European financial companies, which can include a range of institutions from banking to insurance, offering investors specialized exposure to the financial segment of Europe's developed economies.
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