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iShares MSCI Netherlands ETF (EWN)

  • Fri, Mar. 20, 8:30 AM
  • Fri, Jan. 30, 5:41 AM
    • Heightening the risk of a slide toward deflation, Eurostat today reported the largest decline in consumer prices in the eurozone since July 2009.
    • Consumer prices were 0.6% lower than in January 2014, having fallen 0.2% on an annual basis in December.
    • The plunge in consumer prices is unlikely to have an immediate effect on the ECB's €60B/month QE package, although the longer prices stay in negative territory, the more pressure the central bank will have to extend the program.
    • FTSE 100 -0.6%; DAX -0.5%; CAC 40 -0.7%; Euro Stoxx 50 -0.5%.
  • Dec. 31, 2014, 11:34 AM
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  • Nov. 21, 2014, 7:27 AM
  • Aug. 14, 2014, 6:46 AM
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  • Jun. 5, 2014, 7:55 AM
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  • Jan. 17, 2014, 4:02 AM
    • Fitch has kept its ratings for Holland at AAA, citing the country's "strong underlying economic, institutional and credit fundamentals.”
    • The Netherlands' "consistent current account surpluses and positive net international investment position, as well as its strong financing flexibility," were also factors in Fitch's decision.
    • However, the Netherlands' weak growth prospects led the ratings agency to maintain the Dutch outlook at negative.
    • Fitch's note comes after S&P stripped Holland of its AAA rating in December. (PR)
    • ETF: EWN
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  • Nov. 29, 2013, 2:07 AM
    • S&P has stripped Holland of its AAA rating and cut the country's grade to AA+.
    • The ratings agency explained that the Netherlands' growth outlook is not as strong as previously thought.
    • "We do not anticipate that real economic output will surpass 2008 levels before 2017, and believe that the strong contribution of net exports to growth has not been enough to offset a weak domestic economy," S&P said.
    • However, Holland's outlook is stable. The "risks stemming from low growth and the related fiscal outturn are balanced against strong export performance, a net creditor position, and high GDP per capita," S&P said.
    • The agency's decision leaves Germany, Luxembourg and Finland as the only nations in the eurozone with a AAA rating.
    • The euro is flat at $1.3608.
    • ETF: EWN
  • Dec. 31, 2012, 11:56 AM
    More details on iShares' ETF fee hikes: Going to 0.53% from 0.52% (a 1.9% hike) are its Ireland Capped Investable Market Fund (EIRL), Australia Fund (EWA), Canada Fund (EWC), Hong Kong Fund (EWH), Belgium Capped Fund (EWK), Switzerland Fund (EWL), Malaysia Fund (EWM), Netherlands Investable Market Fund (EWN), Spain Fund (EWP), France Fund (EWQ), Singapore Fund (EWS), United Kingdom Fund (EWU), Mexico Investable Market Fund (EWW) and EMU Fund (EZU).
  • Jul. 23, 2012, 5:03 PM
    Moody's has lowered its outlook on Germany, The Netherlands, and Luxembourg to Negative, while affirming Finland's Stable outlook and AAA credit rating. The ratings agency cites the usual fears related to the eurozone's debt crisis, along with the "increasing likelihood that greater collective support" will be needed for Spain and Italy. Moody's downgraded Italy's rating by two notches earlier this month, and subsequently downgraded 10 Italian banks.
  • May. 16, 2012, 10:53 AM
    Holland's caretaker government agrees on the final details of the country's austerity package for 2013, which is designed to save €12B ($15.28B). Parliament will vote by the end of May. The previous government had collapsed because of disagreement over the measures.
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  • Apr. 27, 2012, 5:37 AM
    Holland's caretaker government yesterday reached a deal with the opposition parties on the 2013 budget, which will reduce the deficit to the EU ceiling of 3% via social service cuts, pay freezes and higher taxes, including "sin taxes" on alcohol and tobacco. The deal should increase Holland's chance of keeping its AAA rating.
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  • Apr. 25, 2012, 10:21 AM
    The favorite to become France's next president, Francois Hollande says the EU fiscal compact will not be ratified by his country. Markets in Europe are up sharply, with Paris +2.3%. Take your pick: oversold bounce, Apple, Sarkozy to pull an upset, or just maybe the hope for a trashing of austerity policies that are choking much of the EU.
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  • Apr. 23, 2012, 10:35 AM
    As tipped earlier, Dutch PM Mark Rutte and his cabinet have resigned after budget talks broke down over the weekend. Elections may not come until the fall. EWN -2.7%.
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  • Apr. 22, 2012, 4:22 AM
    The Netherlands may be at increased risk of losing its AAA rating after budget-cut talks collapsed yesterday between the liberal party of PM Mark Rutte and its coalition partner, the Freedom Party. The breakdown of the talks, whose aim was to bring the deficit to below 3% of GDP, could lead to early elections and places in doubt whether the country will OK the fiscal compact.
  • Mar. 26, 2012, 7:14 AM
    The EU "core" gets reduced as Citi's Jorgen Michels removes the Netherlands from the group of rock-solid credits. While the government has just a 66% debt/GDP ratio (vs. 88% EU average), the nation's highly leveraged consumers are sucking wind from tight financial conditions and Dutch banks are increasingly reliant on ECB liquidity. EWN +10% YTD.
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EWN Description
The iShares MSCI Netherlands Investable Market Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Dutch market, as measured by the MSCI Netherlands Investable Market Index.
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Country: Netherlands
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