iShares MSCI Germany Index Fund (ARCA: EWG)

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

iShares MSCI Germany Index Fund

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Financial Services

Consumer Cyclical

Industrials

Healthcare

Basic Materials

Communication Services

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

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

Macro Economic Events

News

Econ #s

Economics

Germany Consumer Price Index (YoY) For December 2.6% Vs. 2.6% Est.; 2.2% Prior

Germany Consumer Price Index (MoM) For December 0.5% Vs. 0.4% Est.; -0.2% Prior

Germany Trade Balance For November 19.7B Vs. 14.7B	Est.; 13.4B Prior

Germany Industrial Production (MoM) For November 1.5% Vs. 0.5% Est.; -0.4% (Revised) Prior

Germany Retail Sales (MoM) For November -0.6% Vs. 0.5% Est.; -1.5% Prior

Germany Factory Orders (MoM) For November -5.4% Vs. -0.3% Est.; -1.5% Prior

Germany Consumer Price Index (MoM) Preliminary For December 0.4% Vs. 0.3% Est.; -0.2% Prior

Germany Consumer Price Index (YoY) Preliminary For December 2.6% Vs. 2.4% Est.; 2.2% Prior

Germany Services Purchasing Managers Index For December 51.2 Vs. 51.0 Est.; 49.3 Prior

Germany Unemployment Rate For December 6.1% Vs. 6.2% Est.; 6.1% Prior

Germany Unemployment Change For December 10K Vs. 15K Est.; 7K Prior

Germany Manufacturing Purchasing Managers Index For December 42.5 Vs. 42.5 Est.; 43.0 Prior

Elon Musk, who seems to love stirring the pot, is doing just that in Germany where elections are expected to be held on Feb. 23, 2025. The German government is accusing Musk&nbsp;of meddling in the election campaign with repeated endorsements of the country's far-right party .
"It is indeed the case that Elon Musk is trying to influence the federal election," said government spokesperson Christiane Hoffmann after various Musk X posts and an opinion piece published at the weekend backing the&nbsp;Alternative für Deutschland (AfD), <a href="https://www.theguardian.com/world/2024/dec/30/german-official-elon-musk-trying-to-influence-election-afd">noted</a> The Guardian.
Friedrich Merz, leader of Germany&#8217;s largest opposition party, said Musk&#8217;s interference was &#8220;intrusive and presumptuous,&#8221; and called it an unprecedented example of election interference between &#8220;friendly&#8221; countries.
<h1 class="wp-block-heading">Musk&#8217;s Myriad Interests In Germany</h1>
With Tesla's sprawling Gigafactory in Grünheide near Berlin, Musk's influence on Europe's largest economy has grown exponentially. It's hard to imagine he'd be indifferent to Germany's political landscape and how the election outcome will potentially shape policies that could benefit Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and other tech innovations.
Tesla's Gigafactory Berlin-Brandenburg, the first and <a href="https://www.benzinga.com/topic/giga-berlin" target="_blank" rel="noreferrer noopener">only gigafactory in Europe</a>, produces the Model Y and battery systems, solidifying Tesla's foothold in the lucrative European EV market. As of November 2024, it had produced more than 400,000 Model Y vehicles that were delivered to 37 countries and over 500,000 drive units at the factory.
Read Also: <a href="https://www.benzinga.com/tech/24/12/42717793/elon-musk-rejects-uk-as-a-possible-gigafactory-location">Elon Musk Rejects UK As A Possible Gigafactory Location</a>
Germany's political climate has further implications for financial markets, particularly German ETFs, which serve as barometers of economic sentiment. ETFs like iShares MSCI Germany (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWG#NYSE">EWG</a>), Global X DAX Germany (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAX#NASDAQ">DAX</a>), Franklin FTSE Germany (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLGR#NYSE">FLGR</a>) and First Trust Germany AlphaDEX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGM#NASDAQ">FGM</a>) reflect the health of Germany's industrial and automotive sectors, which are central to the nation's economy. Many of these ETFs include automotive giants such as Volkswagen (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) and BMW (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWKY#OTC">BMWKY</a>), companies with shifts towards EVs that intersect with Tesla's dominance.
Policy decisions surrounding green energy, emissions standards and labor laws could affect these ETFs. For instance, stricter environmental policies might accelerate the transition to EVs, benefiting Tesla while reshaping the competitive landscape for traditional automakers. On the flip side, Musk's advocacy for reduced red tape could bolster industries represented in ETFs, attracting both voter and investor interest.
Musk's potential influence in Germany's elections, whether through public statements or indirect lobbying, could also sway global investor sentiment. ETFs tied to Germany's economy are closely watched by international markets. And, as we know, political uncertainty has a way of creating market volatility.
Now Read:
<ul>
<li> <a href="https://www.benzinga.com/tech/24/12/42722137/elon-musk-peter-thiel-and-billionaires-influence-in-trumps-white-house-former-labor-secretary-robert-reichs-warning">Elon Musk, Peter Thiel And Billionaires&#8217; Influence In Trump&#8217;s White House: Former Labor Secretary Robert Reich&#8217;s Warning</a></li>
</ul>
Photo via Shutterstock.

Government

Politics

Markets

BMWKY

FLGR

TSLA

VWAGY

Elon Musk Blasted As 'Intrusive And Presumptuous' For 'Trying To Influence' German Elections Toward Far-Right Party

Germany Producer Price Index (MoM) For November 0.5% Vs. 0.3% Est.; 0.2% Prior

Germany GfK Consumer Climate For January -21.3 Vs. -22.6 Est.; -23.1 (Revised) Prior

Investors on <a href="https://www.benzinga.com/topic/wall-street">Wall Street</a> are bleeding red, white and blue, pouring money into American equities already trading higher than their European counterparts. 
The Data: A <a href="https://x.com/MikeZaccardi/status/1869029356884078993">post</a> on X from Mike Zaccardi relayed data from the Bank of America fund manager survey.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<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></div>
<figcaption class="wp-element-caption">The survey found fund managers&#8217; portfolios are significantly overweight American companies compared to European companies at a rarely seen mark. The last time such a pattern was observed was in the aftermath of the <a href="https://www.benzinga.com/topic/european-debt-crisis">European debt crisis</a> in the early 2010s.</figcaption></figure>
Meanwhile, the valuations of American companies are several standard deviations higher than European equities, <a href="https://x.com/porterstansb/status/1863619200037634296">according</a> to Bank of America.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<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></div>
<figcaption class="wp-element-caption">American exceptionalism in equity pricing has never been higher; positive market sentiment in American companies relative to Europe accelerated in the mid-to-late 2010s and continued to the present day. </figcaption></figure>
Country Data: American companies have yielded hefty gains in recent years. The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the 500 largest American companies, added more than 200% to its market value in the past 10 years, an annualized return of nearly 12%.
Meanwhile, European indices — and respective economies — have struggled.
The France-tracking iShares MSCI France ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>) returned 46% in that time period, good for an annualized return of under 4%. The German-tracking iShares MSCI Germany ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWG#NYSE">EWG</a>) returned 18%, an annualized return of 1.68%. The Italian iShares MSCI Italy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWI#NYSE">EWI</a>) has returned around 24%, an annualized return of about 2.12%.
Other countries have fared worse. The Britain-tracking iShares MSCI United Kingdom ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWU#NYSE">EWU</a>) has shed over 9% since 2014. The Spanish iShares MSCI Spain ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWP#NYSE">EWP</a>) has lost over 12% of its market value in that time span. Both countries&#8217; annualized returns are close to zero percent. 
European Outliers: A few countries have far outperformed the rest of the European continent in recent years.
iShares MSCI Denmark ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/EDEN#BATS">EDEN</a>) returned over 138% since 2014, an annualized return of over 9%. The Danish economy has apparently benefitted from its exposure to the pharmaceutical industry.
iShares MSCI Ireland ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIRL#NYSE">EIRL</a>) is up 70% in that period, an annualized return of about 5.43%. Ireland boasts a low corporate tax rate of 12.5% and high levels of foreign investment.
Why it Matters: It is unclear whether the trend of American exceptionalism in equities pricing will continue into the next decade. As their respective economies ease back into moderate economic growth, European countries may benefit from leadership changes.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/retail-sales/24/12/42535296/stocks-slip-as-strong-november-retail-sales-raise-concerns-over-2025-fed-rate-cuts">Stocks Slip As Strong November Retail Sales Raise Concerns Over 2025 Fed Rate Cuts</a></li>
</ul>
Photo: Varavin88 via Shutterstock

Investors Pour Money Into US Stocks, Shun Europe In Historic Fashion

Germany ZEW Economic Sentiment For December 15.7 Vs. 6.8 Est.; 7.4 Prior

Germany ZEW Current Conditions For December -93.1 Vs. -92.6 Est.; -91.4 Prior

Germany Ifo Business Climate Index For December 84.7 Vs. 85.5 Est.; 85.6 (Revised) Prior

Germany Current Assessment For December 85.1 Vs. 84.0 Est.; 84.3 Prior

German interest rates are trading at the top of a 44-year falling channel. This falling channel has held at resistance for more than 40-years.

Are German Government Bond Yields Changing 44 Year Trend?

Germany's inflation rises to 2.6% as estimated

European markets maintain positive momentum as ECB verdict looms

Euro Area reports higher than expected trade surplus

European indexes maintain positive momentum following broader market trend

European indexes end higher on favorable economic sentiment

European indexes rise as traders digest latest economic data

Euro Area annual inflation upticks to 2.4% in December

European indexes end the week higher on increased rate cut expectations

Weekly Commentary: Thoughts Ahead Of Day One

ACTV

ADYEY

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AFSM

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ASHS

AVUV

BAPR

CFRHF

CHIQ

CQQQ

CXSE

DBEU

DBJP

DXJS

ECNS

ENZL

EUDG

EWUS

FLAU

FLCA

FLGB

FLTW

GREK

HEDJ

HESAF

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HEZU

IEMG

IEUR

INCO

INDA

INDL

INDY

IVOO

IVOV

KWEB

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MBGAF

MCHI

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RACE

SCHE

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SPEU

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TPSC

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UJAN

UMAR

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USMC

USMF

USVM

XSOE

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
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iShares MSCI Germany Index Fund

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화요일, 12월 17, 2024

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