Market Overview

European ETFs Performing Sluggishly

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The European debt crisis and sluggish economic growth have scared the investors away from the equities that have exposure to the region. Just today, the United Kingdom officially entered a double-dip recession, as its GDP fell 0.2% from the Q4 of 2011.

Hence, it is interesting to look at a few "country-specific" ETFs to find out what the performance has been like in the past year and a half.

Since October, iShares MSCI France Index ETF (NYSE: EWQ) is down over 17%. France has been in the eye of the Eurozone crisis and S&P downgraded the country's AAA credit rating in January.

Global X FTSE Norway 30 ETF (NYSE: NORW) and iShares MSCI Germany Index Fund ETF (NYSE: EWG) are down approximately 2%. Both countries have fairly strong economies, but they are very reliant on the exports, which has hurt their performance.

Surprisingly, the UK that entered a double-dip recession today has outperformed these three other nations. iShares MSCI United Kingdom Index ETF (NYSE: EWU) is up slightly over 2% since October 2010.

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Posted-In: Long Ideas Short Ideas Specialty ETFs Emerging Market ETFs Technicals Economics Trading Ideas ETFs

 

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