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HEADLINES:

Euro And European Equities Diverging: Sign Of More ECB Action?
Pendulum • Mon, May 20
Will An Internal Or External Catalyst Drive The Euro's Next Big Move?
Pendulum • Mon, May 13 • 6 Comments
ECB Interest Rate Cut: Euro Strong And Steady, European Markets Rally
Pendulum • Mon, May 6
ECB Decision On Interest Rates And The Impact On The Euro
Pendulum • Sun, Apr 28 • 2 Comments
A Brief Update On Euro Area Credit Markets
Pater Tenebrarum • Thu, Apr 25
The Smartest ETFs For A Stimulus-Addicted World
Gary Gordon • Tue, Apr 23 • 2 Comments
Europe Is Calm: The ECB's Next Move And Impact On The Euro
Pendulum • Sun, Apr 21 • 2 Comments
Don't Believe European Bank Capital Ratios
Christopher Mahoney • Mon, Apr 15 • 15 Comments
European Banks: Should Investors Continue to Dance While the Music Is Playing?
Morningstar • Mon, Apr 15 • 2 Comments
Euro Strength Continues: Will Investors Rotate To European Assets?
Pendulum • Sun, Apr 14 • 28 Comments
Euro Rallies As Draghi Reassures: Is It Time To Go Long Europe?
Pendulum • Sun, Apr 7 • 13 Comments
Nether-Crumble: Another Bubble Economy Goes Bust
Pater Tenebrarum • Wed, Apr 3 • 1 Comment
Selecting Safer Growth And Income ETFs For The 2nd Quarter Pullback
Gary Gordon • Mon, Apr 1
S&P 500's Summer Slumps And Why This Summer Could Be Different
Pendulum • Mon, Apr 1 • 22 Comments
Is Cyprus A Template? Draghi, Your Turn To Answer Is Coming Up
Pendulum • Mon, Apr 1 • 25 Comments
The Real Worry In Europe (Hint: It's Not Cyprus)
Russ Koesterich • Tue, Mar 26 • 4 Comments
Cyprus Averts Disaster, But The Price Is High
AllianceBernstein • Tue, Mar 26
The Dijsselbloem Principle
Felix Salmon • Tue, Mar 26 • 5 Comments
Europe's Economic Contraction Steepens
Pater Tenebrarum • Sun, Mar 24 • 9 Comments
The Confiscatory Cyprus Bank Tax Idea Destroyed European Bank Confidence
Gary A • Wed, Mar 20 • 21 Comments

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Don't Believe European Bank Capital Ratios
Christopher Mahoney • Mon, Apr 15 • 15 Comments
The Real Worry In Europe (Hint: It's Not Cyprus)
Russ Koesterich • Tue, Mar 26 • 4 Comments
Basel Rules And The LTROs: An Accidentally Toxic Mix
Colin Lokey • Tue, Sep 18, 2012 • 2 Comments
International Financials Having A March 2009 Moment?
Michael A. Gayed • Mon, Feb 6, 2012 • 6 Comments
European Bank Borrowings From The ECB Soar When The Price Goes Down
Martin Lowy • Fri, Dec 9, 2011
More European Stress-Test Nuttiness
Tom Brown • Thu, Nov 24, 2011
Revisiting The PIIGS: Victims Or Perpetrators?
Shareholders Unite • Wed, Oct 12, 2011 • 18 Comments
Europe's Problems Are Not Over: Proceed With Caution
Thomas Lott • Wed, Oct 12, 2011 • 11 Comments
A Brief History Of The Financial Crisis: Avoid European Financials
Shareholders Unite • Tue, Oct 11, 2011 • 8 Comments
iShares European Financials ETF Takes On Additional Losses As IMF Sounds Alarm
Tom Lydon • Thu, Sep 22, 2011 • 1 Comment
A Rough Week for European Banks
Bespoke Investment Group • Sat, Aug 20, 2011
ETF Spotlight: iShares MSCI Europe
Tom Lydon • Fri, Jul 15, 2011
End Not Yet in Sight for European Bank Problems
Alicia Damley • Thu, Mar 24, 2011 • 4 Comments
European Banks: Invest or Divest?
Alicia Damley • Fri, Feb 18, 2011 • 3 Comments
European Financials: A Line in the Sand
Macro Man • Mon, Nov 29, 2010 • 1 Comment
European Bank Sector: Is Winter Chill Setting In?
IndexUniverse Europe • Fri, Nov 26, 2010
Why Regulators Should Be Tough on Bank Capital
Felix Salmon • Tue, Sep 7, 2010 • 1 Comment
WSJ: European Bank Stress Test was a Fraud
Cullen Roche • Tue, Sep 7, 2010 • 5 Comments
The Silver Lining to the Lenient Stress Test
Felix Salmon • Fri, Jul 23, 2010 • 20 Comments
Friday's ETF to Watch: European Financials
Eric Dutram • Fri, Jul 23, 2010

Euro And European Equities Diverging: Sign Of More ECB Action?
Pendulum • Mon, May 20
Will An Internal Or External Catalyst Drive The Euro's Next Big Move?
Pendulum • Mon, May 13 • 6 Comments
ECB Interest Rate Cut: Euro Strong And Steady, European Markets Rally
Pendulum • Mon, May 6
ECB Decision On Interest Rates And The Impact On The Euro
Pendulum • Sun, Apr 28 • 2 Comments
A Brief Update On Euro Area Credit Markets
Pater Tenebrarum • Thu, Apr 25
The Smartest ETFs For A Stimulus-Addicted World
Gary Gordon • Tue, Apr 23 • 2 Comments
Europe Is Calm: The ECB's Next Move And Impact On The Euro
Pendulum • Sun, Apr 21 • 2 Comments
European Banks: Should Investors Continue to Dance While the Music Is Playing?
Morningstar • Mon, Apr 15 • 2 Comments
Euro Strength Continues: Will Investors Rotate To European Assets?
Pendulum • Sun, Apr 14 • 28 Comments
Euro Rallies As Draghi Reassures: Is It Time To Go Long Europe?
Pendulum • Sun, Apr 7 • 13 Comments
Nether-Crumble: Another Bubble Economy Goes Bust
Pater Tenebrarum • Wed, Apr 3 • 1 Comment
Selecting Safer Growth And Income ETFs For The 2nd Quarter Pullback
Gary Gordon • Mon, Apr 1
S&P 500's Summer Slumps And Why This Summer Could Be Different
Pendulum • Mon, Apr 1 • 22 Comments
Is Cyprus A Template? Draghi, Your Turn To Answer Is Coming Up
Pendulum • Mon, Apr 1 • 25 Comments
Cyprus Averts Disaster, But The Price Is High
AllianceBernstein • Tue, Mar 26
The Dijsselbloem Principle
Felix Salmon • Tue, Mar 26 • 5 Comments
Europe's Economic Contraction Steepens
Pater Tenebrarum • Sun, Mar 24 • 9 Comments
The Confiscatory Cyprus Bank Tax Idea Destroyed European Bank Confidence
Gary A • Wed, Mar 20 • 21 Comments
As Cypriots Lose Faith In Politicians, So Do Speculators In The Euro
FXstreet • Wed, Mar 20 • 2 Comments
Sowing The Seeds For A Bank Run
Elliott Orsillo, CFA • Wed, Mar 20 • 8 Comments

There are no Transcripts on EUFN.

Banks Boost Global Indices to New Highs

at CNBC.com (Mar 16, 2012)
Europe bank stress tests come and go; JP Morgan off 4%

at MarketWatch.com (Dec 8, 2011)
Money Talks: 5 money moves one Asia bull is making now

at MarketWatch.com (Nov 16, 2011)
Matthew Lynn's London Eye: How to profit from the coming Greek default

at MarketWatch.com (Jun 14, 2011)
Europe ETFs see action

at MarketWatch.com (Jan 25, 2011)
Portugal auction lifts Spain, European banks

at MarketWatch.com (Jan 12, 2011)
Sovereign Debt Worries Weigh on European Indices & Banks This Month

at CNBC.com (Nov 30, 2010)

EUFN vs. ETF Alternatives

EUFN Description

The iShares MSCI Europe Financials Sector Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Europe Financials Index.
See more details on sponsor's website

Sector: Financial

Key Info

In Your Portfolio: A Guide to Sector ETFs, Financial Sector ETFs
Asset Class Performance: Sectors

All
| Earnings
| Dividends
| M&A
| On the move

Friday, May 17, 5:56 AM UBS upgrades global financials to Overweight from Underweight on a healing global economy, rebuilt capital, and the sector's shift "from being a net issuer to a net distributor of cash." Furthermore, the U.S. banking sector (XLF) is taken to Overweight as balance sheet strength and attractive valuations play well with the housing market recovery to create compelling opportunities. European banks (EUFN) are lifted to Neutral "with a preference towards Nordic and U.K. banks." Financials respond in London with LLoyds Banking Group (LYG) +2.3%, Royal Bank of Scotland (RBS) +3.3%, and Barclays (BCS) up 0.5%. 5 Comments [Financials, Global & FX]
Tuesday, April 30, 9:26 AM This just in: Some European banks are starting to mint money again. Today's strong earnings reports from UBS and Lloyds are the latest showing the payoff from the axing of numerous jobs and business lines to refocus on core operations. "We've got double-digit growth rates exactly where we want them," says UBS CFO Thomas Naratil on the CC (transcript). "In APAC, emerging markets, and ultra-high net worth segment." UBS +7.1% premarket. An ETF to keep an eye on: The MSCI Europe Financials Fund (EUFN). Comment! [Earnings, On the Move, Financials]
Monday, March 25, 11:07 AM The Italy (EWI -3.7%) and Spain (EWP -3.1%) ETFs lead a now-tumbling Europe (FEZ -1.8%) as - maybe we're being too simplistic here - Eurogroup President Dijsselbloem has more or less told anybody with greater than €100K in deposits at what could be a troubled bank they need to think about getting their money out. Italy's Unicredit and Intesa Sanpaolo are halted down more than 5%. EUFN -2.4%. 33 Comments [Global & FX, Financials, On the Move]
Monday, March 25, 10:45 AM The Cyprus deal is now a template for the rest of the eurozone, Eurogroup President Jeroen Dijsselbloem tells Reuters' Luke Baker. He's naturally referring to bailing-in uninsured depositors, but does he also mean capital controls and border checks for cash? Other eurozone countries need to work quickly, he says, to overhaul their own banking sectors. 33 Comments [Global & FX, Top Stories]
Monday, March 25, 5:12 AM Like in Asia, European shares rise, as do U.S. futures, following news of Cyprus's €10B bailout deal, with the EU Stoxx 50 +1.3%, London +0.6%, Paris +1.4%, Frankfurt +1.1%, Milan +0.4% and Madrid +0.8%. S&P futures +0.35%, oil +0.4%, gold -0.1%. 23 Comments [Global & FX, Top Stories, On the Move]
Wednesday, March 20, 4:47 AM Cyprus President Nicos Anastasiades is holding emergency meetings with party leaders and troika representatives after the country's parliament yesterday rejected a proposal to tax bank deposits as part of an EU bailout deal. Salvation could come from Cyprus' orthodox church, with Archbishop Chrysostomos II saying he would mortgage its considerable assets in order to invest in government bonds. Meanwhile, Finance Minister Michael Sarris is in Moscow to see if he can get a deal out the Russians. 3 Comments [Top Stories, Global & FX]
Monday, March 18, 9:29 AM The Cyprus bailout is credit negative for depositors across Europe, says Moody's, calling the bank levy a "significant step" towards removing systemic support for bank creditors. "The decision to impose losses on depositors signals euro area policymakers' willingness to risk triggering wider financial market disruptions in pursuit of other policy goals." Comment! [Global & FX, Financials]
Monday, March 18, 6:04 AM Cyprus's government is now reportedly considering a tax-free threshold for smaller bank deposits as it attempts to win over legislators for a plan to impose a one-time levy on savings ahead of a parliamentary debate later today. At the moment, the publicized plan is to tax deposits under €100,000 at 6.7% and those above that level at 9.9%. 1 Comment [Global & FX, Top Stories, Breaking News]
Monday, March 18, 5:10 AM European bank shares slide following news of the levy on deposits in Cyprus, which has prompted concerns of a run on banks elsewhere in the eurozone. The Stoxx Europe 600 Banks index -2.1%. In Madrid, BBVA -3.7%; in Milan, Banca Popolare di Milano -3.9%, Intesa Sanpaolo -3.3%, Mediobanca -4.6%, Banca Monte dei Paschi di Siena -3.8%. In Paris, SocGen -4.2%, Credit Agricole -2.9%, BNP Paribas -3.3%. In Frankfurt, Deutsche Bank (DB) -2.8%. Comment! [Financials, Top Stories, Global & FX, On the Move]
Monday, March 18, 4:53 AM As in Asia, shares in Europe slump on the proposed raid on bank deposits in Cyprus, while bond yields in Spain and Italy rise sharply. EU Stoxx 50 -1.7%, London -1%, Paris -1.3%, Frankfurt -1.3%, Milan -2.45%, Madrid -2.3%. Italy's 10-year yields +0.1 bps at 4.71%, Spain's +0.13 bps at 5.06%. Comment! [Global & FX, Top Stories, On the Move]
Monday, March 18, 2:57 AM Asian shares fall sharply following news of the raid on bank deposits in Cyprus as part of the island's bailout. The planned move also sends the euro and oil lower, while the yen regains its safe-haven status. Japan -2.7%, Hong Kong -2.4%, China -1.5%, India -0.9%. Euro -1.3% vs the dollar, -1.3% vs the pound, -2.2% vs the yen and -0.6% vs the Swiss franc. The yen is also +0.9% vs the dollar. WTI -1.2%, gold +0.3%. Comment! [Global & FX, Top Stories, On the Move]
Sunday, March 17, 7:46 PM "This is a nuclear war on savings and wealth," writes Jefferies' David Zervos of the Cyprus bailout. "This is a policy move you expect from a dictatorial regime ... not in an EU member state. If the EU governments can clandestinely expropriate 7-10% of their (citizens' savings) after the close of business on Friday night, what else are they capable of doing ... Why keep your money at a Spanish or Italian bank when you can jump to Germany or France ... Why even keep money in the EU banking system at all." 87 Comments [Global & FX]
Monday, March 11, 6:01 AM The U.K.'s Parliamentary Commission on Banking Standards has called for the government to assume the power to mete out collective punishment on the country's banks, saying that it should consider breaking them all up into retail and investment-bank activities if even just one of them breaches new ring-fencing rules designed to avoid another bailout.
2 Comments [Financials]
Monday, March 11, 3:45 AM Europe's repo market dropped 11.9% to €5.6T in 2012, a report shows, suggesting that many banks are still relying on cheap loans from central banks rather than on each other and on investors for short-term financing. Report author Richard Comotto says the larger concern is that the repo market is contracting at a time when authorities would like to see the financial sector reduce its reliance on central banks. 1 Comment [Financials, Global & FX]
Friday, January 25, 7:01 AM European banks can begin paying back their LTRO loans on Jan. 30, and the ECB expects €137.2B to be returned next week. It's a fairly significant portion of the more than €1T lent out, considering they were 3-year loans, with cheaper sources of funding opening up likely a major reason. 1 Comment [Global & FX, Financials]
Friday, January 18, 12:36 PM Crisis not over? "We are not out of the woods yet no matter how much Mario Draghi talks it down," says a treasurer with no imminent plan to being paying back his bank's LTRO borrowings from the ECB. "Regulators might want you to pay the money back, but banks still need some breathing space." (previous) Comment! [Global & FX, Financials]

Michael A. Gayed
European Financials (EUFN) continue to hold strong in a sign that financial stress is easing. Reflation continues to be main theme now.
2/7/12
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JKN
EUFN, VBR, DGS
1/18/12
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ETFdesk
WaysToPlay: European Bank's PIGS Exposure http://bit.ly/bIGYwE $EUFN $XLF $IXG $IYF #Banks #ETF #MKT #Euro #Financials #PIGS
2/11/10
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EUFN iShares MSCI Europe Financials Sector Index ETF

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iShares MSCI Europe Financials Sector Index ETF