EUFN - iShares MSCI Europe Financials ETF

NasdaqGM - NasdaqGM Real Time Price. Currency in USD
17.58
-0.00 (-0.03%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close17.58
Open17.64
Bid0.00 x 1300
Ask0.00 x 29200
Day's Range17.57 - 17.69
52 Week Range16.25 - 21.30
Volume330,889
Avg. Volume602,342
Net Assets619.71M
NAV18.28
PE Ratio (TTM)N/A
Yield6.11%
YTD Return7.59%
Beta (3Y Monthly)1.18
Expense Ratio (net)0.48%
Inception Date2010-01-20
Trade prices are not sourced from all markets
  • InvestorPlace2 months ago

    5 Best ETFs to Make Some Bank on Financial Stocks

    April has drawn to a close and on the back of some solid first-quarter earnings reports, the financial services sector, the S&P 500's third-largest sector weight, delivered impressive gains in the fourth month of the year. The Financial Select Sector SPDR (NYSEARCA:XLF), the largest financial services exchange-traded fund (ETF) by assets, gained more than 9% in April.The financial services sector is considered a value play, not a growth segment, such as consumer discretionary or technology, but financials are a cyclical group and strength in this segment is widely viewed as advantageous for broader equity markets."A strong U.S. economy is naturally good for business: Most of the banks saw bigger-than-expected gains in consumer lending, deposits, and credit card spending," reports Barron's.InvestorPlace - Stock Market News, Stock Advice & Trading TipsData suggest investors are renewing their enthusiasm for financial services funds. While bank funds were among April's best ETFs, some were also the most popular ETFs to start the second quarter. As of April 29, XLF had monthly inflows of $1.39 billion, a total surpassed by just five other ETFs. * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business For investors looking to make some bank with bank funds, these are some of the best ETFs to consider. SPDR S&P Bank ETF (KBE)Expense Ratio: 0.35%, or $35 annually per $10,000 investedThe financial services sector includes more than just banks, but for investors looking to focus on traditional banks, the SPDR S&P Bank ETF (NYSEARCA:KBE) is one of the best ETFs to consider.Home to 88 stocks, KBE provides "exposure to the bank segment of the S&P TMI, which comprises the following sub-industries: asset management & custody banks, diversified banks, regional banks, other diversified financial services and thrifts & mortgage finance sub-industries," according to State Street.KBE, which added $84.22 million in April (as of April 29), equally weights its components, a strategy that can lower single-stock risk. Familiar names among the fund's top 10 holdings include Citigroup (NYSE:C) and JPMorgan Chase (NYSE:JPM). Both of those banks delivered first-quarter results that beat Wall Street estimates.Citigroup has been buying back its shares at a brisk pace and looking to cut costs -- two strategies that boosted the bank's first-quarter results. Global X MSCI China Financials ETF (CHIX) Expense Ratio: 0.65%Obviously, the Global X MSCI China Financials ETF (NYSEARCA:CHIX) is a play on Chinese banks, making it one of the best ETFs for investors looking to add some international diversification to U.S.-heavy financial services positions. CHIX is also one of this year's best ETFs in the financial services space with a year-to-date gain of just over 20%.China is the world's second-largest economy and stocks there are among this year's emerging markets leaders, explaining why CHIX is one of the best ETFs in the financial services segment. Bank stocks are integral parts of many traditional China funds, indicating that CHIX is a, somewhat overlooked, tell on what to expect from China ETFs over the near- to medium-term.Amid soaring first-quarter loan activity, China's major banks recently reported solid earnings. * 10 A-Rated Stocks the Smart Money Is Piling Into On April 29, "Industrial & Commercial Bank of China Ltd., Bank of China Ltd., China Construction Bank Corp. and Bank of Communications Co. posted higher net income. Including Agricultural Bank of China Ltd., which reported last week, rises at the big five clustered in a range from 4.1 percent to 4.9 percent," reports Bloomberg. iShares U.S. Regional Banks ETF (IAT)Expense Ratio: 0.43%Last year, regional bank stocks and funds sorely disappointed investors as the Federal Reserve boosted interest rates four times. As highlighted by the iShares U.S. Regional Banks ETF (NYSEARCA:IAT), which is up about 20% this year, the regional bank picture is brightening in 2019.The more sanguine interest rate outlook coupled with speculation of increased consolidation is among the factors making regional bank ETFs, such as IAT, some of this year's best ETFs. Currently, BB&T Corp. (NYSE:BBT) and SunTrust (NYSE:STI), IAT's third- and fourth-largest holdings, respectively, are discussing a merger, stoking speculation more regional bank consolidation is on the way.Regional banks are heavily dependent on strength in the broader U.S. economy. Robust economic activity combined with steady or declining interest rates, which can boost demand for mortgage loans, are among the factors investors need to consider with a fund such as IAT. Oppenheimer S&P Financials Revenue ETF (RWW)Expense Ratio: 0.45%Many traditional financial services ETFs, such as the aforementioned XLK, are cap-weighted and there are a few, such as KBE, that are equally weighted. The Oppenheimer S&P Financials Revenue ETF (NYSEARCA:RWW) is one of the best ETFs for investors looking for a different view on the financial services sector. Specifically, this ETF weights its components by revenue.Home to 69 stocks, RWW tracks the S&P 500 Financials Sector Revenue-Weighted Index. This year, it has been hard to argue with RWW's revenue-weighted methodology. The fund is one of the best ETFs in this category with a year-to-date gain of 18.44%."Revenue weighting offers diversified equity market exposure but, by weighting companies based on their revenue, rather than their stock price, it increases the strategy's exposure to attractively valued stocks compared to a market-cap-weighted index," according to Oppenheimer. * 7 Cheap ETFs for Novice Investors Due to the revenue weighting, RWW allocates more than 15% of its weight to one stock: Berkshire Hathaway (NYSE:BRK.B). iShares MSCI Europe Financials ETF (EUFN)Expense Ratio: 0.48%The iShares MSCI Europe Financials ETF (NASDAQ:EUFN) is one of the best ETFs for risk-tolerant investors seeking international financial services exposure. EUFN has been one of the best ETFs for tactical exposure to Europe this year, but it is also one of the most volatile Europe funds. EUFN has a three-year standard deviation of almost 18%, well above the comparable metric on standard developed markets funds.Investors in EUFN are compensated for the fund's volatility and other risks with a trailing 12-month dividend yield of just over 6%, but European bank earnings have not been nearly as good as what has been seen in the U.S. and China and some banks in Europe are not as financially sturdy as their U.S. counterparts."Unfortunately, many of European banks' woes are of their own making," reports Forbes. "A host of regulatory and legal fines and ongoing money laundering investigations of several banks do not bode well for European earnings."Bottom line: EUFN is not for the faint of heart, but it may be one of the best ETFs for bank investors with a big flair for risk.Todd Shriber owns shares of XLF. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 Stocks That Are Soaring This Earnings Season * 5 Biotech Stocks for a Long-Lived Portfolio * 10 Times Apple's Hardware Failed Consumers -- And Hurt Its Business Compare Brokers The post 5 Best ETFs to Make Some Bank on Financial Stocks appeared first on InvestorPlace.

  • Top ETF Stories of April
    Zacks2 months ago

    Top ETF Stories of April

    Record high U.S. market in April was the result of a strong economy, slew of unicorn IPOs, stabilization in the oil patch, better-than-expected corporate earnings and a dovish Fed.

  • Brexit Delayed: ETFs & Stocks to Gain
    Zacks2 months ago

    Brexit Delayed: ETFs & Stocks to Gain

    Brexit deadline has been pushed back to Oct 31, likely benefiting these ETFs and stocks.

  • ETF Trends2 months ago

    Where Banks Are Really Cheap Overseas – And An ETF To Capitalize

    It is often said that U.S. banks are inexpensive compared to other sectors and that the group is full of value stocks, but European banks are, by some metrics, really cheap, too. The iShares MSCI Europe Financials ETF (EUFN) , which provides a targeted play on European financial companies, is home to some banks trading at depressed valuations. Weighing on Europe’s financial sector, the plunging yields have dragged rates on some government bonds back into negative territory, there is rising concerns over a slowing economy and a money laundering scandal has driven compliance costs higher, the Wall Street Journal reports.

  • ETF Trends3 months ago

    Europe Financial ETF Just Can’t Catch a Break

    European banks and financial sector-related ETFs have been underperforming as a slew of negative factors keeps pressure on the beleaguered market segment. Year-to-date, the iShares MSCI Europe Financials ...

  • Benzinga3 months ago

    Stocks Fall As ECB Cuts Growth Guidance, Bank Stimulus Plan Falls Flat

    Global markets sank Thursday after the European Central Bank cut its 2019 economic growth forecast and announced a new round of longer-term refinancing operations (TLTRO) stimulus for European banks. The ECB cut its 2019 Eurozone growth forecast from 1.7 percent to 1.1 percent. It also announced a third round of bank stimulus that will begin in September and run through March 2021.

  • Top ETF Stories of February
    Zacks4 months ago

    Top ETF Stories of February

    Inside the top ETF events of the month of February.

  • Brexit Delay in the Cards? Europe ETFs to Rally
    Zacks4 months ago

    Brexit Delay in the Cards? Europe ETFs to Rally

    Major disagreement within the main British parties may cause a delay in Brexit. If that happens, British stocks are sure to soar.

  • ETF Trends4 months ago

    Europe Financial ETF Banks on ECB Stimulus

    European bank stocks and related ETFs jumped Friday after European Central Bank executive board member Benoit Coeure hinted that another round of cheap multi-year loans to banks could be in the works. ...

  • Market Exclusive5 months ago

    Market Morning: Shutdown Showdown, Brexit Redux, Ford Airbag Woes, Sears Still Teeters

    Shutdown Continues, But IRS And Treasury To Reopen For Business After failing to resolve the partial government shutdown over the weekend over a spat concerning $5.6 billion of funding for a border wall with Mexico, congressional Democrats are trying to reopen the government piece by piece, with funding first for everybody’s favorite service, the Internal […] The post Market Morning: Shutdown Showdown, Brexit Redux, Ford Airbag Woes, Sears Still Teeters appeared first on Market Exclusive.

  • ECB Ends QE: 5 ETF Areas Likely to Gain
    Zacks6 months ago

    ECB Ends QE: 5 ETF Areas Likely to Gain

    As the ECB officially ends QE, these ETFs may see smooth trading ahead.

  • Brexit Draft Deal Makes These Sector ETFs a Must-See
    Zacks7 months ago

    Brexit Draft Deal Makes These Sector ETFs a Must-See

    A draft Brexit deal puts these sector ETFs in focus.

  • Market Exclusive7 months ago

    Market Morning: Everything Is Down, Brexit Agreement, Trump Cornered, Saudi Sanctions?

    Everything is Down Again US stock futures, Asian (except Japan), and European equities are all down today, together with oil yet again, in what is now a record slide in intensity. The US Dollar is flat. The S&P 500 is now decisively below its 200 day moving average. Italian bond are down again this morning, […] The post Market Morning: Everything Is Down, Brexit Agreement, Trump Cornered, Saudi Sanctions? appeared first on Market Exclusive.

  • ECB May Hike Rates After Summer 2019: ETFs to Gain
    Zacks9 months ago

    ECB May Hike Rates After Summer 2019: ETFs to Gain

    If the ECB raises rates next year, these ETFs should do well.

  • ETF Trends10 months ago

    Banks Drag Europe ETFs Down on Turkey Uncertainty

    European stocks and region-related exchange traded funds continued to weaken Friday, with bank dragging down the market, as traders worried about the potential ripple effect of Turkish lira meltdown. The ...