Autoliv

Banco Santander

Credit Suisse

ING Group 6.2 % Perpetual Debt Secs 2003-Without Fixed Called for red.on 16.10.17 at USD 25

Banco Bilbao Vizcaya Argentaria

NatWest Group plc 

Genpact

Prudential Financial

Societe Generale S.A.

Emergent BioSolutions

iShares MSCI Europe Financials ETF

EUFN tracks a market-cap-weighted index of financials stocks in developed European markets.

European Financials have outperformed broad European funds. They've also performed well relative to US equities. Higher for longer rates should benefit the sector.

EUFN: European Financials Are A Good Way To Play Europe In General

The iShares MSCI Europe Financials ETF (EUFN) was launched on 01/20/2010, and is a passively managed exchange traded fund designed to offer broad exposure to the Financials - Broad segment of the equity market.

Should You Invest in the iShares MSCI Europe Financials ETF (EUFN)?

The iShares MSCI Europe Financials ETF is a sector focused international ETF, focusing on European financials. EUFN has performed strongly over the past three years, outperforming both the broader European market and a comparable US financials ETF, despite facing sector-specific challenges. The recent ECB rate cut and potential rate cuts by the Bank of England present uncertainties. However, the fund has compelling fundamentals. It is currently rated as a hold.

Desynchronization Gives EUFN An Opening

iShares MSCI Eurozone ETF

Vanguard FTSE Europe ETF

The European Central Bank (ECB) cut its benchmark interest rate Thursday for the first time in five years, boosting European stocks and many Europe-focused exchange-traded funds (ETFs) in the U.S.

ECB Rate Cut Boosts European Stocks and These Europe-Focused ETFs in the US

Some of the big European banks have come up with upbeat results in the ongoing reporting season.

Should you Buy Europe Financials ETF (EUFN) on Upbeat Earnings?

iShares MSCI Europe Financials ETF has had strong returns over the past year, but its long-term performance has been lackluster. Country exposure is 50.95% to Eurozone financial stocks, followed by the UK, Switzerland, and Nordic countries. Banks account for 45.49% of ETF assets. The sector enjoyed an exceptional 2023, which explains the ETF's P/E of just 8.34.

EUFN: A Low Double Digit Return As Long As Risks Don't Materialize

I'm getting concerned about European financial stocks. When I look at the iShares MSCI Europe Financials ETF (NASDAQ: EUFN ), I start to think we are at a turning point for the sector.

European Financial Stocks Are Sending a Big Market Warning

JPMorgan BetaBuilders Europe ETF

Xtrackers MSCI Europe Hedged Equity ETF

Xtrackers MSCI Eurozone Hedged Equity ETF

WisdomTree Europe SmallCap Dividend Fund

WisdomTree Europe Quality Dividend Growth Fund

ProShares MSCI Europe Dividend Growers ETF

Direxion Daily FTSE Europe Bull 3X Shares

WisdomTree Europe Hedged SmallCap Equity Fund

First Trust STOXX European Select Dividend Index Fund

First Trust Europe AlphaDEX Fund

First Trust Eurozone AlphaDEX ETF

SPDR EURO STOXX 50 ETF

Franklin FTSE Europe ETF

Franklin FTSE Eurozone ETF

First Trust IPOX Europe Equity Opportunities ETF

Goldman Sachs ActiveBeta Europe Equity ETF

WisdomTree Europe Hedged Equity Fund

iShares Currency Hedged MSCI Eurozone ETF

iShares Core MSCI Europe ETF

iShares MSCI Europe Small-Cap ETF

iShares Europe ETF

ALPS O'Shares Europe Quality Dividend ETF Shares

Pacer Trendpilot European Index ETF

First Trust RiverFront Dynamic Europe ETF

SPDR Portfolio Europe ETF

The European Central Bank left interest rates unchanged, without conveying any urgency to start cutting rates in the next few months. It seems most likely that June or July would be the preferred time to start cutting rates.

ECB In Little Rush To Cut Rates

The European Central Bank (ECB) kept its key policy rates on hold today for the second consecutive meeting. The interest rate on the main refinancing operations, the marginal lending facility, and the deposit facility remain at 4.5%, 4.75% and 4.0%, respectively.

December ECB Meeting: A More Hawkish Stance Than The Fed

The ECB will almost surely keep rates on hold at the December meeting. The question is to what extent it will align with the market's aggressive pricing for rate cuts in 2024.

December's ECB Cheat Sheet: A Reality Check For Ultra-Dovish Expectations

The ECB hike cycle seems over, but the shockwaves of tightening will still shape the eurozone economy in 2024. Traditional lags in transmission are now accompanied by longer ones in average interest burden increases, potentially extending the impact of tightening.

2024 Set To Be The Year That The ECB Hike Cycle Is Felt

Next week's challenge for the European Central Bank is how to keep all options open without sounding too dovish but also not too detached from reality. The weak macro economic backdrop no longer justifies rate hikes, even for the hawks.

ECB Preview: The Long Dovish Shift

Xtrackers MSCI EAFE Hedged Equity ETF

iShares MSCI Norway ETF

Invesco CurrencyShares Euro Trust

Many economists anticipate that the ECB is nearing the conclusion of its rate-hike cycle due to a slowdown in economic growth.

Time to Tap Eurozone ETFs as Rate-Hike Cycle Nearing End?

EUFN is monetizing the ECB rate hikes; EPS may grow 22.5% in YE23. iShares MSCI Europe Financials ETF has outperformed the US peers by 22% LTM. EUFN portfolio valued at 7.2x PE with potential for 19% price gains and 5% dividend yield.

EUFN: 24% Total Return Outlook

The global banking sector came under stress this year following failures of some banks. However, still some major banks of Europe have reported upbeat results for the second quarter of 2023.

Should You Buy Europe Financial ETF EUFN on Earnings Strength?

As the ECB has been putting increasing emphasis on the recent readings of underlying inflation, it is more important to look at the short-term dynamics than at the year-on-year figures. While some easing of inflationary tensions is indeed observable, it would be premature to exclude another rate hike.

The 'Real' Dynamics Of Core Inflation In The Eurozone

Franklin FTSE Europe Hedged ETF

The CPI for services spiked by 5.6% in July, compared to a year ago, up from 5.4% in June and 5.0% in May, another record in the data going back to 1997, according to Eurostat today. “Core” CPI (without food and energy products that consumers buy) remained at 5.5% in July, same as in June, and up from 5.3% in May.

Runaway Services Inflation In Euro Area Spikes To Record. Core CPI Stays Near Record

EUFN's returns over the long term have been underwhelming, but there appears to be a recent shift. European banks are expected to benefit from favorable net interest income trends, low credit costs, and stable funding bases, leading to a decent return on equity expansion. EUFN's holdings trade at a significant discount compared to US financials, but we would urge investors to wait for a pullback on the charts.

EUFN: Much To Admire About The European Financials ETF, But Not Yet A Perfect Buy

UBS ETRACS Wells Fargo Business Development Cmpn Indx ETN 2015-26.4.41 Lkd to Wells Fargo Business Dvlpmnt Indx Ser B

VanEck Vectors BDC Income ETF

Davis Select Financial ETF

Direxion Daily Regional Banks Bull 3X Shares

Fidelity MSCI Financials Index ETF

First Trust Nasdaq Bank ETF

First Trust Financials AlphaDEX Fund

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares U.S. Insurance ETF

iShares U.S. Regional Banks ETF

iShares Global Financials ETF

iShares U.S. Financials ETF

iShares US Financial Services ETF

SPDR S&P Bank ETF

Invesco KBW Bank ETF

Invesco KBW High Dividend Yield Financial ETF

Invesco KBW Property & Casualty Insurance ETF

Invesco KBW Regional Banking ETF

SPDR S&P Capital Markets ETF

SPDR S&P Insurance ETF

SPDR S&P Regional Banking ETF

Invesco DWA Financial Momentum ETF

Invesco S&P SmallCap Financials ETF

First Trust NASDAQ ABA Community Bank Index Fund

Lipper Financial Services ETFs recorded their largest weekly outflow of the year over the past fund flows week (-$1.4 billion). On top of the bank failures, market participants are worried about the largest U.S. banks gaining an increasing market share by allowing them to take over the smaller regional institutions.

Regional Banking Concerns Produce Financial Services ETF Outflows

Europe financial stocks including HSBC Holdings, Deutsche Bank and Barclays came up with upbeat earnings this reporting season.

Time for Europe Financial ETF on Upbeat Earnings?

BNP Paribas SA

HSBC Holdings

ING Groep NV

Lloyds Banking Group

With the exception of Credit Suisse, there have been no failures in Europe. And with interest rates rising and tight regulation, investors have been drawn to banks like ING, BBVA, and Lloyds.

European Banks Suddenly Look Good Amid U.S. Rescues

Banco Bradesco

Bank of Montreal

MicroSectors U.S. Big Banks Index -3X Inverse Leveraged ETN

MicroSectors U.S. Big Banks Index 3X Leveraged ETN

Bank of Nova Scotia

Canadian Imperial Bank of Commerce

Comerica

Fifth Third Bancorp

Huntington Bancshares

KeyCorp

M&T Bank

PNC Financial Services

Royal Bank of Canada

SVB Financial Group

One month ago, Silicon Valley Bank failed, with a resulting decline across the diversified banking industry. Some investors may be tempted to buy the dip, while others are considering doubling down on losing positions.

Banks Are On Sale But Risks Remain

Peaks in systemic stress generally result in recession and lower inflation down the line. So, the ECB's work will be done if financial conditions continue to tighten and economic activity contracts.

Why Short-Term Financial Stresses Could Actually De-Stress The ECB In The Long Run

After the turmoil which has embroiled banks on both sides of the Atlantic, in addition, to metrics, behavioral science also determines how depositors and investors behave. Tools used by regulators as well as innovative rescue plans indicate that America has put in place better contagion risk containment mechanisms than Europe, and also when compared to 2008.

IYG Vs. EUFN ETFs: U.S. Banks Seem More Protected Than European Ones

The central bank is trying to balance concerns about financial stability and inflation.

The ECB's Tough Balancing Act

News for iShares MSCI Europe Financials ETF ETF (EUFN)