iShares MSCI Germany Index Fund (ARCA: EWG)

에 대한 최신 뉴스 iShares MSCI Germany Index Fund (ARCA:EWG)

iShares MSCI Germany Index Fund

Industrials

Technology

Financial Services

Consumer Cyclical

Communication Services

Healthcare

Basic Materials

Utilities

Consumer Defensive

Real Estate

The fund will at all times invest at least 80% of its assets in the securities of its underlying index and in depositary receipts representing securities in its underlying index. The underlying index primarily consists of stocks traded on the Frankfurt Stock Exchange. It will include large- and mid-capitalization companies and may change over time. The fund is non-diversified.

Sap Se

Siemens Ag

iShares MSCI Germany ETF

Usa,Flag,Vs,Europe,Flag.,Eu,Flag,And,American,Flag

Sector ETFs

Broad U.S. Equity ETFs

Eurozone

Global

ETFs

EDEN

iShares MSCI Ireland Capped Investable Market Index Fund

EIRL

투자자들은 이미 유럽 주식보다 높은 가격에서 거래되고 있는 미국 주식에 대한 투자를 대폭 늘리고 있다. 설문조사에 따르면 펀드매니저들의 포트폴리오가 유럽 기업에 비해 미국 기업에 대한 비중을 크게 초과하는 것으로 나타났다.

미국 주식에 돈 쏟아붓는 투자자들, 유럽은 꺼려

EAT WELL INVT GROUP INC by Eat Well Investment Group Inc.

Eat Well Investment Group Inc

iShares Trust MSCI Germany Small-Cap ETF

WIIM

Shares of major Europe-related ETFs are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Macro Economic Events

News

Econ #s

Economics

Germany Services Purchasing Managers Index For March 50.9 Vs. 50.2 Est.; 51.1 Prior

Germany Manufacturing Purchasing Managers Index For March 48.3 Vs. 48.4 Est.; 46.5 Prior

Germany Retail Sales (MoM) For February 0.8% Vs. 0.0% Est.; 0.2% Prior

Germany Unemployment Rate For March 6.3% Vs. 6.2% Est.; 6.2% Prior

Germany Unemployment Change For March 26K Vs.10K Est.; 5K Prior

Germany GfK Consumer Climate For April -24.5 Vs. -22.6 Est.; -24.6 (Revised) Prior

Shares of major Europe-related ETFs are trading lower as investors await new auto tariff announcements by U.S. President Trump on Wednesday

Germany Ifo Business Climate Index For March 86.7 Vs. 86.8 Est.; 85.3 (Revised) Prior

Germany Current Assessment For March 85.7 Vs. 85.5 Est.; 85.0 Prior

Germany Business Expectations For March 87.7 Vs. 87.9 Est.; 85.6 (Revised) Prior

Germany Services Purchasing Managers Index Preliminary For March 50.2 Vs. 52.3 Est.; 51.1 Prior

Germany Manufacturing Purchasing Managers Index Preliminary For March 48.3 Vs. 47.1 Est.; 46.5 Prior

Shares of major Europe-related ETFs are trading lower, led by a decline in travel stocks, after the closure of Heathrow Airport following a fire at a nearby electrical substation.

Bulls are storming back into markets with near-record inflows into stocks and gold, brushing aside concerns that trade tariffs could unleash an economic recession and a bear <a href="https://www.benzinga.com/markets">market on Wall Street. </a>
In a note shared Friday, Bank of America's chief investment strategist Michael Hartnett said U.S. stocks recorded their biggest weekly inflow of the year, witnessing $34.1 billion of net capital last week.
&#8220;Monster&nbsp;equity inflows&nbsp;say&nbsp;no one&nbsp;really&nbsp;believes trade war = recession/bear market,&#8221; Hartnett wrote.
<h3 class="wp-block-heading">Why April 2 Matters For Markets</h3>
Hartnett playfully dubbed Apr. 2—the day &#8220;reciprocal tariffs&#8221; take effect—as a potential "peak fear" moment but suggested market direction might hinge more on "whom [Trump] is playing golf with on Apr. 1."
Yet, with U.S. tariffs poised to surge from 2–3% to over 10%, bonds and gold appear far less exposed to a potential &#8220;tariff pandemic&#8221; than U.S. and international equities.
In other words, according to Hartnett, short-term trade-related turbulence can still make gold and bonds safer plays for now.
The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) has posted gains in eleven of the past twelve weeks.
<h3 class="wp-block-heading">From COVID Crash To Now: A Five-Year Astonishing Surge</h3>
This week also marked the fifth anniversary of the S&amp;P 500's COVID low at 2,222 points. Since then, the index has gained more than 150%, powered by an era of rapid fiscal expansion and resilient corporate earnings.
Over the same stretch, U.S. nominal GDP has risen by 50%, government spending surged by 65%, and inflation has hit both Wall Street and Main Street. Yet U.S. Treasuries are down about 50% from their pandemic-era highs. 
<h3 class="wp-block-heading">Foreigners Sell US Equities, Rotate Back To Europe, China</h3>
Appetite for equities outside the U.S. is accelerating. Last week, European stocks drew in $4.3 billion, the largest inflow since May 2017 and the fourth biggest ever.
Chinese and German stocks – as tracked by the iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) and the iShares MSCI Germany Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWG#NYSE">EWG</a>), respectively – are both up more than 20% since the U.S. election, reinforcing Hartnett's claim that investors are downplaying the trade war. 
The resurgence in European equities comes amid collapsing sentiment elsewhere. Hartnett flagged the second-biggest drop in global growth expectations ever and the biggest decline in U.S. equity allocation on record.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44379453/equity-exposure-plummets-cash-holdings-jump-as-investors-rethink-us-exceptionalism-bank-of-america-survey">Equity Exposure Plummets, Cash Holdings Jump As Investors Rethink &#8216;US Exceptionalism,&#8217; Bank Of America Survey</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Regulations

Trading Ideas

'Monster Equity Inflows Say No One Really Believes Trade War,' Bank Of America's Hartnett Says

Germany Producer Price Index (MoM) For February -0.2% Vs. 0.2% Est.; -0.1% Prior

Shares of major Europe-related ETFs are trading higher after the German parliament passed debt reforms which is expected to lead to an increase in defence and infrastructure spending.

<a href="https://www.cnbc.com/2025/03/18/german-parliament-to-vote-on-fiscal-package-that-could-bring-historic-reforms.html">https://www.cnbc.com/2025/03/18/german-parliament-to-vote-on-fiscal-package-that-could-bring-historic-reforms.html</a>
<ul>
<li>Germany's Bundestag on Tuesday voted in favor of a major fiscal package, with 513 votes in favor and 207 votes against.</li>
<li>The reforms include changes to the long-standing debt brake rule and a 500 billion euro ($548 billion) infrastructure and climate fund.</li>
<li>As it involves changes to the constitution, the package needs a two-thirds majority in parliament, as well as in the Bundesrat, which represents the country's states, to pass.</li>
</ul>
Germany's Bundestag on Tuesday voted in favor of a major fiscal package, which includes changes to long-standing debt policies to enable higher defense spending and a 500 billion euro ($548 billion) infrastructure and climate fund.
Some 513 parliamentary members voted in favor of the plan, while 207 voted against it. There were no abstentions.
&nbsp;
More than two thirds of parliament were needed to support the package in order for it to pass. The law also needs to be approved by the Bundesrat, a body representing the country's states, on Friday to become enshrined in Germany's constitution.
Under the proposed new laws, defense and certain security expenditures above a certain threshold would no longer be subject to the debt brake, which limits how much debt the government can take on and dictates the size of the federal government's structural budget deficit.
Loans taken on as part of the infrastructure fund would also be exempt from the debt brake, while Germany's states would also have greater flexibility around debt.
The Christian Democratic Union, alongside its sister party the Christian Social Union, which jointly won the largest share of votes in Germany's national election in February, proposed the fiscal shift in collaboration with the Social Democratic Party. The factions appear likely to form the incoming coalition government, with the fiscal reform package a by-product of talks about a potential governing partnership between them.
<h2>A tight vote</h2>
Time pressure to pass the reforms is high as they require changes to the constitution and need the support of two thirds of both parliament and the Bundesrat.
&nbsp;
This is likely only possible before the newly elected parliament comes together for the first time next week, as parties opposing the fiscal package will then have a larger share of the vote and could potentially block the plans.
Several of the parties that oppose the reforms have also unsuccessfully launched legal challenges to hinder the vote.
In the lead-up to the Tuesday vote, the CDU-CSU and SPD also had to negotiate for the backing of Germany's Green Party, ultimately agreeing on a <a href="https://www.cnbc.com/2025/03/14/german-parties-agree-on-historic-debt-deal-sources-say.html">compromise</a> that includes 100 billion euros of the infrastructure fund being allocated to climate and economic transformation efforts and a broadening of the security-related issues exempted from the debt brake.
<h2>A boost to the economy?</h2>
Analysts and economists reacted positively to the initial announcement of the plans earlier this month, viewing them as a potentially major boost for Germany's struggling economy.
The German economy narrowly skirted a technical recession — or two consecutive quarters of economic contraction — throughout 2023 and 2024, but has been effectively stagnant.
The <a href="https://www.oecd.org/en/publications/oecd-economic-outlook-interim-report-march-2025_89af4857-en.html">OECD</a> on Monday said it was now projecting Germany's gross domestic product to grow by an annual 0.4% this year, down from the previously forecast 0.7% expansion. German economic institute <a href="https://www.ifo.de/en/press-release/2025-03-17/ifo-institute-forecasts-near-zero-growth">Ifo</a>, meanwhile, said it was cutting its outlook for the country's economy to 0.2% growth year-on-year.
It comes as Germany is facing sustained infrastructure problems, as well as issues in key industries such as housebuilding and autos. The country is also battling the threat of potential tariffs imposed by U.S. President Donald Trump on imports to the U.S. from Europe — which could be especially difficult for Germany due to its high levels of trade with the U.S.

'German Parliament Passes Historic Debt Reform, Paving The Way For Higher Defense Spend' - CNBC

Germany ZEW Economic Sentiment For March 51.6 Vs. 48.1 Est.; 26.0 Prior

Germany ZEW Current Conditions For March -87.6 Vs. -80.5 Est.; -88.5 Prior

투자자들은 이미 유럽 주식보다 높은 가격에서 거래되고 있는 <a href="//www.benzinga.com/topic/wall-street"" target="_blank" rel="noopener">미국 주식</a>에 대한 투자를 대폭 늘리고 있다.
데이터: 마이크 자카디(Mike Zaccardi)가 소셜 미디어 엑스(X) <a href="//x.com/MikeZaccardi/status/1869029356884078993"" target="_blank" rel="noopener">게시물에서</a> 뱅크오브아메리카 펀드매니저 설문조사 데이터를 공유했다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
BofA FMS: 4th biggest overweight of US relative to Eurozone equities since 2001 <a href="https://t.co/zouKCD0Zxb">pic.twitter.com/zouKCD0Zxb</a>
&mdash; Mike Zaccardi, CFA, CMT &#x1f356; (@MikeZaccardi) <a href="https://twitter.com/MikeZaccardi/status/1869029356884078993?ref_src=twsrc%5Etfw">December 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
설문조사에 따르면 펀드매니저들의 포트폴리오가 유럽 기업에 비해 미국 기업에 대한 비중을 크게 초과하는 것으로 나타났다. 이러한 패턴이 마지막으로 관찰되었던 시기는 2010년대 초 <a href="https://www.benzinga.com/topic/european-debt-crisis" target="_blank" rel="noopener">유럽 부채 위기</a>의 여파가 남아 있는 때였다.
한편 뱅크오브아메리카에 <a href="https://x.com/porterstansb/status/1863619200037634296" target="_blank" rel="noopener">따르면</a> 미국 기업의 밸류에이션은 유럽 주식보다 몇 표준편차가 더 높다.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
The last time U.S. stocks were this overvalued versus the rest of the world was&#8230; well, never. <a href="https://t.co/tozSaNizrp">pic.twitter.com/tozSaNizrp</a>
&mdash; Porter Stansberry (@porterstansb) <a href="https://twitter.com/porterstansb/status/1863619200037634296?ref_src=twsrc%5Etfw">December 2, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><figcaption class="wp-element-caption">주식에 있어서 미국 예외주의는 그 어느 때보다 높다. 유럽 대비 미국 기업에 대한 긍정적인 시장 심리는 2010년대 중후반에 가속화되어 현재까지도 이어지고 있다.
국가별 데이터: 미국 기업은 최근 몇 년 동안 큰 수익을 올렸다. 미국 500대 기업을 추종하는 SPDR S&amp;P 500 ETF Trust(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)는 지난 10년 동안 시장 가치가 200% 이상 상승하여 연간 수익률이 12%에 육박했다.
반면 유럽 지수와 각국 경제는 고전했다.
프랑스 증시를 추종하는 iShares MSCI France ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>)는 해당 기간 동안 46%의 수익률을 기록했고 연평균 수익률은 4% 미만이다. 독일 증시를 추종하는 iShares MSCI Germany ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWG#NYSE">EWG</a>)는 18%의 수익률, 연평균 1.68%의 수익률을 기록했다. 이탈리아 증시를 추종하는 iShares MSCI Italy ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWI#NYSE">EWI</a>)는 약 24%의 수익률, 연평균 약 2.12%의 수익률을 기록했다.
다른 국가들은 더 심각한 상황이다. 영국 증시를 추종하는 iShares MSCI United Kingdom ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWU#NYSE">EWU</a>)는 2014년 이후 9% 이상 하락했다. 스페인 증시를 추종하는 iShares MSCI Spain ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWP#NYSE">EWP</a>)는 시장 가치가 12% 이상 감소했다. 두 나라의 연평균 수익률은 0%에 가까운 수준이다.
유럽 국가 중 예외: 최근 몇 년 동안 몇몇 국가는 다른 유럽 대륙을 훨씬 능가하는 성과를 냈다.
iShares MSCI Denmark ETF(BATS:<a class="ticker" href="https://www.benzinga.com/stock/EDEN#BATS">EDEN</a>)는 2014년 이후 138% 이상 상승하여, 연평균 9% 이상의 수익률을 기록했다. 덴마크 경제는 제약 산업에 대한 노출로 혜택을 본 것으로 보인다.
iShares MSCI Ireland ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIRL#NYSE">EIRL</a>)는 같은 기간 동안 70% 상승하여, 연평균 약 5.43%의 수익률을 기록했다. 아일랜드는 12.5%의 낮은 법인세율과 높은 외국인 투자율을 자랑한다.
왜 중요한가: 주식에 있어서 미국 예외주의 추세가 향후 10년 동안 계속될지는 불분명하다. 각국의 경제가 완만한 경제 성장세로 돌아서면서 유럽 국가들은 리더십 변화의 혜택을 받을 수도 있다.
</figcaption></figure>
사진 출처: Varavin88 via Shutterstock
다른 트레이더들보다 30분 일찍 시장 움직임에 대한 독점 뉴스를 받아보세요.
Benzinga Pro의 독점 뉴스를 통해 수백만 명의 다른 트레이더보다 더 빠르게 유용한 투자 뉴스를 확인할 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Comments

iShares MSCI Germany Index Fund

뉴스

에 대한 최신 뉴스 iShares MSCI Germany Index Fund (ARCA:EWG)

화요일, 12월 17, 2024

뉴스

파트너 / 기고자

벤징가 글로벌