blog

Latest from the Quantamize Blog

Don’t Own the Eurozone? European ETFs Observe Notable Negative Outflows but Bright Spot Exists in Spanish Stocks

Jun 13, 2019

Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions
Better Data for Better Investment DecisionsBetter Data for Better Investment Decisions

 

Name Ticker 1-Day
Fund Flow ($)
1-Week
Fund Flow ($)
1-Month
Fund Flow ($)
3-Month
Fund Flow ($)
Assets Under
Management ($ billions)
Net Expense Ratio (%)
WisdomTree Europe Hedged Equity Fund HEDJ $0 $0 -$122,520,811 -$375,290,319 $3.60 0.58%
iShares Core MSCI Europe ETF IEUR $0 -$92,792,500 -$134,477,800 -$63,236,350 $3.30 0.10%
SPDR EURO STOXX 50 ETF FEZ $0 $0 $3,737,133 -$228,276,168 $2.30 0.29%
iShares MSCI Germany ETF EWG $0 -$16,609,140 -$252,090,510 -$142,938,360 $2.26 0.49%
iShares Europe ETF IEV $0 -$43,516,400 -$86,897,400 -$306,947,725 $1.79 0.60%
iShares MSCI Spain ETF EWP $33,047,438 $26,548,358 $11,427,548 $105,838,230 $0.95 0.49%
iShares MSCI France ETF EWQ $0 $0 -$46,841,480 -$41,047,740 $0.82 0.49%
WisdomTree Europe Hedged SmallCap Equity Fund EUSC $0 $0 -$2,976,510 -$5,952,861 $0.12 0.58%
WisdomTree Germany Hedged Equity Fund DXGE $0 $0 -$5,818,859 -$7,316,723 $0.05 0.48%
iShares MSCI Germany Small-Cap ETF EWGS $0 $0 -$2,679,035 -$2,679,035 $0.04 0.59%
 

 

  • Major European ETFs have observed nearly entirely negative fund flows of late on a 1-week, 1-month, and 3-month basis. Although the iShares Core MSCI Europe ETF (IEUR) maintains slightly positive 1-month fund flows of $3.7 million, the green is overshadowed by more significant 3-month outflows of $228.3 million.  
    • IEUR has a “BUY” trading signal and a “Caution” Smart Beta rating.  
  • Spanish stocks appear to be the outlier in broader European financial markets with the iShares MSCI Spain ETF (EWP) receiving positive fund flows on a 1-day, 1-week, 1-month, and 3-month basis.  
    • EWP has a “BUY” trading signal and a “Caution” Smart Beta rating.  

 

Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS
Global Top Stock IdeasTOP LONG & TOP SHORT STOCK IDEAS FOR GLOBAL MARKETSMONTHLY TOP IDEAS FROM OUR MULTI-FACTOR QUANTITATIVE MODELS