ING Groep N.V.
Anheuser-Busch Outperformed L’Oréal on November 11
Anheuser-Busch (AHBIF) had the highest mean-return-to-volatility ratio of 6.7% compared to FEZ’s other performers.
Why All the Talk about Tapering in Europe?
It’s important to remember that the ECB (European Central Bank) hasn’t officially announced that it’s discussing tapering
A Look at FAIDX’s Year-to-Date Portfolio Changes
Fidelity Advisor International Discovery Fund overview The Fidelity Advisor International Discovery Fund (FAIDX) primarily invests in non-US securities and prefers common stocks for investing in equities. Its assets are spread across multiple regions. The fund’s management uses a fundamental analysis of factors such as an issuer’s financial condition and industry position, as well as market […]
How Has the USAA International Fund Performed in 2016?
Consumer staples have been the biggest positive contributors to the USIFX in YTD 2016.
What’s the Sector Composition of the USAA International Fund?
The USAA International Fund invests at least 80% of its assets in foreign equities.
Financials, Discretionary Hurting Key Vanguard European Fund
The Vanguard European Stock Index Fund Investor Shares (VEURX) has fallen 3.2% year-to-date (or YTD). Let’s see why.
Why Is the Europe 30 ProFund Enjoying 2016 So Far?
The Europe 30 ProFund Investor Class (UEPIX) has risen 1.9% YTD (year-to-date). It’s one of only two funds in this review to have risen in the period.
Portfolio Moves of the USAA International Fund in YTD 2016
The USAA International Fund (USIFX) invests at least 80% of its assets in foreign equities.
Financials Hurt AXEAX in 1Q16
The Columbia European Equity Fund – Class A (AXEAX) fell 3.7% in 1Q16, making it a below-average performer among the 12 funds in this review.
Alpha Has Eluded PEUGX in One Year to March 15
Along with a negative information ratio, PEUGX also posted a negative alpha in the one-year period ended March 15, 2016. This placed it tenth among the 12 funds in this review.
Why Was the ECB Monetary Policy in March Such a Surprise?
Even though participants were expecting the ECB to take measures on March 10 to stoke inflationary pressure in the Eurozone, the announcements at the meeting took most by surprise.
How Did US Treasury Yields React to ECB’s Stimulus Announcement?
US Treasury yields jumped across the yield curve for the week ended March 11, 2016, after Mario Draghi announced an interest rate cut in the Eurozone.
How Has the AB International Growth Fund Performed?
The AB International Growth Fund is invested in companies like Roche Holding (RHHBY), Sumitomo Mitsui Financial Group (SMFG), ING Groep (ING), TAL Education Group (XRS), and Tata Motors (TTM).
Should You Look to European Stocks for Growth?
European stocks began the year with a lot of hope pinned on them for providing capital appreciation in the year.
Hawkish to Dovish: The ECB and the Tumbling Euro
In mid-2008, the ECB raised interest rates to 4.25%, keeping a hawkish stance to control mounting inflation pressures. But in September 2014, it cut interest rates to a record low of 0.05%.
Bank of Portugal Defied Pari Passu: What Does It Mean?
By assigning five of Novo Banco’s 52 senior bonds to Banco Espirito Santo, the Bank of Portugal defied the principle of pari passu.
Moving Average Analysis of FEZ’s Banking Industry
The continuous fall in commodity and crude oil prices was one of the major factors behind the banking industry’s poor performance in 2015.
Anheuser-Busch Rose by 22% in 2015
Anheuser-Busch (BUD) provided the positive return of 22% in FEZ in 2015. Currently, the stock is trading at 114.6 euros. Its 52-week high is 119.65 euros.
How Did the Eurozone Perform in the Past Year?
The Eurozone’s economy provided a modest GDP (gross domestic product) growth rate of 0.4% in 2015. It was below the consensus estimate.
Analyzing the European Union’s GDP Composition
The EU’s (European Union) GDP (gross domestic product) depends on the service sector. The service sector contributes ~73.90% towards the EU’s (EZU) GDP.
Total Topped FEZ: What Impacted Its Returns?
On December 18, 2015, the stocks at the top of the SPDR Euro STOXX 50 ETF (FEZ) were Total, Muenchener Rueckver, Volkswagen, Sanofi, and ING Groep.
Sanofi Tops FEZ, Applies for First Dengue Vaccine in India
On Friday, December 11, 2015, the stocks at the top of FEZ were Industria De Diseno, Sanofi (SNY), UniCredit, ING Groep, and L’Oréal. It’s worth noting that all these stocks had negative returns that day.
Volkswagen Rises the Most of FEZ’s Holdings despite Scandal
Yesterday, the stocks at the top of the SPDR Euro Stoxx 50 ETF (FEZ) were Volkswagen (VLKAY), Repsol, Total (TOT), ENI (EAA), and ING Groep (ING).
Banking Stocks Were FEZ’s Biggest Losers
On Tuesday, December 8, 2015, All of FEZ’s major losers belonged to the banking industry. All the banking stocks were trading below their respective moving averages.
European Central Bank: December’s Monetary Policy Actions
The ECB (European Central Bank) announced its monetary policy decision on December 3, 2015, outlining several decisions.
The ECB Disappoints Markets with Its Monetary Policy Decisions
The ECB declared its key policy decisions after its meeting on December 3, 2015. The ECB’s Chief announced major moves at a press conference.
A Closer Look at the Portfolio of the Putnam Europe Equity Fund
Financials have maintained their status as the largest sector In the Putnam Europe Equity Fund throughout the one-year period ended October 2015.
The Thornburg International Value Fund – Class A (TGVAX)
The Thornburg International Value Fund – Class A requires a minimum initial investment of $5,000. Investors who wish to add to their accounts must do so in multiples of $100.
How Volkswagen Outperformed Banco Bilbao Vizcaya Argentaria
Of the top-performing holdings of the SPDR EURO STOXX 50 ETF, Banco Bilbao Vizcaya Argentaria had the lowest mean return-to-volatility ratio at 1.3%.
How Geopolitical Issues Are Affecting the Market: FEZ Falls 1.0%
The SPDR EURO STOXX 50 ETF (FEZ), which tracks the performances of European equities, fell 1.0% on November 13 and closed at $35.19.
How Total SA Outperformed Société Generale in October 2015
With a mean return of 0.41% and volatility of 9.7%, Total SA (TOT) outperformed Société Generale during this period. Société Generale had a mean return-to-volatility ratio of 3.1%.
Relative Value in Europe: More Stimulus to Boost Corporate Equity
Relative value in Europe has been strengthened by the ECB’s Asset Quality Review, the depreciation of the euro, and the inherent fundamental strength of the European economy and cheaper energy prices.
In-Depth Analysis of the FEZ ETF and Its Constituents
In the software space, SAP (SAP) gave a positive return. In the banking space, all banks gave negative return except for Unicredito (UNCFF).
Factors behind Key Stock Performances in FEZ
Stock performances of the top three contributors to the SPDR Euro Stoxx 50 ETF were driven by factors such as cloud computing and volume growth.
Industrials Save Ivy European Opportunities Fund in August 2015
The Ivy European Opportunities Fund fell 5.5% in August from a month ago—the least among the six mutual funds under this review. Beyond this period, the fund’s performance has been less impressive.
Financials, Healthcare Hurt Fidelity Advisor Europe Fund in August
The Fidelity Advisor Europe Fund’s July 2015 portfolio was focused on the financials, industrials, and healthcare sectors, with exposures of 25.3%, 22.7%, and 21.5%, respectively.
The Fidelity Advisor Europe Fund: Class A (FHJUX)
As of August 2015, the Fidelity Advisor Europe Fund was managing assets worth $1.45 billion. Founded in 1986, the fund’s net expense ratio is 1.35%.
Investment-Grade Bond Funds See 6 Successive Weeks of Outflows
Investment-grade bond funds witnessed outflows for the week ended September 2—marking their sixth successive week of outflows.
August 2015’s Top High-Grade Bond Issuers
US corporates were the highest issuers of high-grade bonds in August 2015, making up 35.4% of all issues. Yankee bond issuers came in second.
Investment-Grade Bond Funds Record Back-to-Back Outflows
Flows into investment-grade bond funds were negative for the week ended August 12—marking the third consecutive week of outflows.
ING Group Issued the Most High-Grade Bonds Last Week
US financials were the highest issuers of high-grade bonds in the week ended August 14, making up 37.7% of all issuance.
Eurozone Business Activity Seems Undeterred by Greek Crisis
Markit Economics’ Final Eurozone PMI Composite Output Index report for July exceeded expectations despite the Greek crisis.
Allianz in 1Q15: Life and Health Insurance Most Profitable
The gross premiums written in Life and Health insurance increased by 9.7% when compared with the first quarter of the previous year, reaching 18.82 billion euros.
Yankee Bonds Throng the High-Grade Primary Market
Yankee bonds continued to dominate primary market issuance in the week to April 10. These bonds made up 40.7% of all the issues.
High-Grade Corporate Bond Issuers Make a Cautious Return
Corporate investment-grade issuance surged to $20.525 billion in the primary markets in the week to April 10, 2015—413.1% higher than the issuance the previous week.