iShares MSCI Europe Financials ETF (0BYJ)
XBER 
Summary
0BYJ Chart
EUFN: Offering Pure-Play Coverage To European Financials
The iShares MSCI Europe Financials ETF (EUFN) offers pure-play exposure to developed European financial stocks, emphasizing banks and giant-caps. EUFN trades at 25-30% valuation discounts to US financials, boasts a 3.58% yield, and could provide useful portfolio diversification given a relatively low beta with the S&P500. Risks include heavy bank exposure amid weak European GDP growth, declining net interest income, and above-average tracking error versus its index.
Should You Invest in the iShares MSCI Europe Financials ETF (EUFN)?
Launched on January 20, 2010, the iShares MSCI Europe Financials ETF (EUFN) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Broad segment of the equity market.
Should You Invest in the iShares MSCI Europe Financials ETF (EUFN)?
If you're interested in broad exposure to the Financials - Broad segment of the equity market, look no further than the iShares MSCI Europe Financials ETF (EUFN), a passively managed exchange traded fund launched on 01/20/2010.
iShares MSCI Europe Financials ETF (0BYJ) FAQ
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iShares MSCI Europe Financials ETF Profile
| XBER Exchange | US 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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