European ETFs Flourish as Global Markets Climb Higher

Markets continued to climb higher this month with many ETFs reaching new highs. Domestic large-cap advances helped pushed the Dow above 13,000 for the first time ever.

Global markets also rose as European stocks were the big winners. iShares MSCI Sweden (EWD) was up 10.6%, followed by iShares MSCI Germany (EWG) up 9.0% and iShares MSCI South Africa (EZA) 7.6%. Japan was the only country to experience a downturn, losing 2.3%.

Positive earnings reports helped boost many of the ETFs, especially the semiconductors, which were up 9.6% for the month. Metals & Mining ended the month with an 8.6% gain and biotechnology was up about 8%.

To view the full ETF performance report for April, click here.

EWG vs. EWD vs. EZA 1-yr chart:

Comments

[MichaelBommarito]

Hello Tom,
The Netherlands (EWN), Australia (EWA), and Malaysia (EWM) have also had great runs. EWN in particular has done well, as over the past three months, it's beat all other MSCI ETFs and still had comparatively little volatility. If you take a look at the past three months for all MSCI ETFs, you can really see the bullish global trend.