iShares MSCI Europe Financials ETF (EUFN)
| Assets | $1.93B |
| Expense Ratio | 0.51% |
| PE Ratio | 12.41 |
| Shares Out | 81.25M |
| Dividend (ttm) | $1.09 |
| Dividend Yield | 4.65% |
| Ex-Dividend Date | Jun 11, 2024 |
| Payout Ratio | 57.49% |
| 1-Year Return | +18.77% |
| Volume | 445,763 |
| Open | 23.58 |
| Previous Close | 23.65 |
| Day's Range | 23.47 - 23.62 |
| 52-Week Low | 19.70 |
| 52-Week High | 25.09 |
| Beta | 1.10 |
| Holdings | 92 |
| Inception Date | Jan 20, 2010 |
About EUFN
Fund Home PageThe iShares MSCI Europe Financials ETF (EUFN) is an exchange-traded fund that is based on the MSCI Europe / Financials index, a market-cap-weighted index of financials stocks in developed European markets. EUFN was launched on Jan 20, 2010 and is issued by BlackRock.
Top 10 Holdings
41.46% of assets| Name | Symbol | Weight |
|---|---|---|
| HSBC Holdings plc | HSBA | 7.95% |
| Allianz SE | ALV | 5.63% |
| UBS Group AG | UBSG | 4.93% |
| Zurich Insurance Group AG | ZURN | 4.13% |
| Banco Santander, S.A. | SAN | 3.54% |
| Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München | MUV2 | 3.15% |
| AXA SA | CS | 3.08% |
| BNP Paribas SA | BNP | 3.06% |
| London Stock Exchange Group plc | LSEG | 3.05% |
| UniCredit S.p.A. | UCG | 2.93% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 11, 2024 | $0.773 | Jun 17, 2024 |
| Dec 20, 2023 | $0.320 | Dec 27, 2023 |
| Jun 7, 2023 | $0.729 | Jun 13, 2023 |
| Dec 13, 2022 | $0.072 | Dec 19, 2022 |
| Jun 9, 2022 | $0.670 | Jun 15, 2022 |
| Dec 13, 2021 | $0.414 | Dec 17, 2021 |
News
EUFN: European Financials Are A Good Way To Play Europe In General
European Financials have outperformed broad European funds. They've also performed well relative to US equities. Higher for longer rates should benefit the sector.
Desynchronization Gives EUFN An Opening
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 Eur...
ECB Rate Cut Boosts European Stocks and These Europe-Focused ETFs in the US
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.
EUFN: A Low Double Digit Return As Long As Risks Don't Materialize
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 th...
ECB In Little Rush To Cut Rates
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...
December ECB Meeting: A More Hawkish Stance Than The Fed
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...
December's ECB Cheat Sheet: A Reality Check For Ultra-Dovish Expectations
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.
2024 Set To Be The Year That The ECB Hike Cycle Is Felt
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 b...
ECB Preview: The Long Dovish Shift
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 justi...
EUFN: 24% Total Return Outlook
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% ...
The 'Real' Dynamics Of Core Inflation In The Eurozone
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 eas...
Runaway Services Inflation In Euro Area Spikes To Record. Core CPI Stays Near Record
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 (witho...
EUFN: Much To Admire About The European Financials ETF, But Not Yet A Perfect Buy
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, a...
Regional Banking Concerns Produce Financial Services ETF Outflows
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 l...
European Banks Suddenly Look Good Amid U.S. Rescues
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.
Banks Are On Sale But Risks Remain
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...
Why Short-Term Financial Stresses Could Actually De-Stress The ECB In The Long Run
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.
IYG Vs. EUFN ETFs: U.S. Banks Seem More Protected Than European Ones
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 ...
The ECB's Tough Balancing Act
The central bank is trying to balance concerns about financial stability and inflation.
Don't chase yield with low-quality financials, warns Matrix's David Katz
Jeff Kleintop, chief global investment strategist at Charles Schwab, and David Katz, CIO at Matrix Asset Advisors, join 'The Exchange' to discuss finding quality stocks, Europe's bank sell-off and the...
EUFN ETF: Key Themes
Despite outperforming US banks by 2.5x over the last three months, European financials trade at a significant discount on a P/BV basis. The rate environment bodes well for the NII trajectory but risks...
EUFN ETF: Monetizing Higher European Interest Rates
European financials should benefit from ECB rate normalization. EUFN weighted EPS could grow 20% in 2023.
EUFN Is Probably Worse Off Than U.S. Focused Financial ETFs
With closer proximity to the energy crisis, rising rates in Europe may do little for inflation with more of it being supply side. Indeed, the ECB has been slower with rate increases compared to the US...
EUFN: For A European ETF, It Has A Lot Of HSBC
The EUFN ETF is supposed to allow exposure to European financials, but it has a major allocation to HSBC. The other exposures look solid and are well positioned for the rate environment.