Europe ETFs Rise Before Key ECB Meeting

August 02, 2012


After being all over the board as the eurozone debt crisis unfolded, Europe-focused equity ETFs have found a strong footing on European central bank officials’ decision to protect the euro at any cost. Many have gained significant ground—as much as 11.5 percent in one case—from lows seen as recently as June, according to an article on ETF Trends.

The Vanguard European ETF (NYSEArca: VGK) has rallied 11.5 percent since June lows, while the SPDR Stoxx Europe 50 ETF (NYSEArca: FEU) and the iShares S&P Europe 350 Index Fund (NYSEArca: IEV) have each gained 8 percent. ECB’s move also helped lower Spain’s borrowing costs, said ETF Trends.

The new upward momentum could warrant a second look into these ETFs, as they still provide decent yields and great growth potential, according to the article.

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