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Vanguard FTSE Europe ETF (VGK)

- NYSEARCA
  • Sep. 11, 2013, 5:15 AM
    • European and Asian stocks are mixed following a rally yesterday, which was spurred by the decreasing prospect of U.S.-led military action against Syria.
    • The market's also digesting economic data from the last ten days or so, says UniCredit's Vasileios Gkionakis. "With the exception of the downward revision of the U.S. payrolls, in general, that has painted a positive picture," Gkionakis says.
    • Oil is +0.5%, gold +0.2%.
    • Japan flat, Hong Kong -0.2%, China +0.1%, India -0.1%.
    • EU Stoxx 50 +0.1%, London -0.1%, Paris -0.1%, Frankfurt +0.5%, Milan +0.7%, Madrid +0.2%.
    • ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU, ADRA, AIA, VPL, ASDR, AAXJ, AXJS, EPP, GMF, GMFS, AXJL, UXJ, JPX, PAF, ASEA, EEMA, DVYA.
    | Sep. 11, 2013, 5:15 AM | Comment!
  • Sep. 10, 2013, 5:07 AM
    | Sep. 10, 2013, 5:07 AM | 1 Comment
  • Sep. 9, 2013, 5:04 AM
    • The Eurozone Sentix investor confidence index has turned positive for the first time in over two years, jumping to 6.5 this month from -4.9 in August and slaying consensus of -2.8.
    • "This is the second strongest rise of the indicator since its start in 2003," Sentix analyst Sebastian Wanke said. "It's a stunning coup for the eurozone."
    • Current situation -8.8 in September, its highest since October 2011, vs -22.3 in August.
    • Expectations 23 vs 14.3. (PR)
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    | Sep. 9, 2013, 5:04 AM | Comment!
  • Sep. 6, 2013, 2:25 PM
    • Credit Suisse rolls out the FI Enhanced Europe 50 ETN (FIEU) - a double-levered fund of European blue chips selected from the 600 largest stocks traded on the continent's (plus U.K.) exchanges. The bank could be seeing opportunity as a similar fund launched by Barclays in late May (FEEU) has already garnered more than $800M in AUM.
    • Both funds are apparently levered-up versions of the SPDR Stoxx Europe 50 ETF (FEU).
    • Costs: the FIEU "investor fee" is "equal to the product of the ETN’s closing indicative value the previous business day; times 0.05 percent; times the ‘day count fraction.'" The FEEU has an annual "exposure fee rate" that is the sum of 0.76% plus the 3-month Libor rate.
    • Other Europe equity ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU Bonds: EU.
    | Sep. 6, 2013, 2:25 PM | Comment!
  • Sep. 4, 2013, 4:37 AM
    • The eurozone composite PMI rose to 51.5 (flash 51.7) in August from 50.5 in July, indicating the fastest rate of growth since 2011.
    • The services index increased to 50.7 (51) from 49.8, representing the first increase in activity for a year and a half.
    • "The eurozone recovery is looking increasingly broad-based, with more sectors and more countries emerging from recession," says Markit.
    • "Domestic demand is starting to pick up...with the region’s retail PMI also moving into positive territory for the first time in over two years."
    • Spain and Italy have joined Germany in returning to growth, while France's decline is far weaker than earlier in the year.
    • However, job losses continue.
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    • EU Stoxx 50 -0.8%, euro flat vs dollar after being higher earlier. (PR)
    | Sep. 4, 2013, 4:37 AM | 1 Comment
  • Sep. 3, 2013, 12:02 PM
    • Danske Bank calls the end of the European debt crisis after August's PMI showed even the weakest EU countries have turned the corner into the expansion zone. Spain (EWP) printed a 51.1 - the first time above 50 since April 2011; Italy (EWI) hit a 27-month high of 51.3.
    • "The debt crisis is over ... we think there will be no more market panic, where uncertainty about one country spills over into others and creates fears for the entire survival of the eurozone."
    • He notes the improvements in Spain and Italy were export-driven, meaning the countries are starting to see some payoff in the form of more-competitive economies.
    • Before getting too excited, remember EU unemployment remains at a euro-era high of 12.1% and France (EWQ) has become a laggard.
    • European equity ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU.
    | Sep. 3, 2013, 12:02 PM | 1 Comment
  • Sep. 3, 2013, 10:00 AM
    • Investors pulled a record-breaking $15B from ETPs globally in August, according to BlackRock (BLK). The previous record was $13.4B in January 2010.
    • A loss of $5.3B for fixed-income funds doesn't necessarily reflect the exit from bonds as short-maturity ETFs like BSV and BKLN saw inflows.
    • Another notable area for inflows were European equity funds like VGK and EZU which saw $4.7B in fresh cash as the EU economy finally pulled out of a recession.
    • European equity ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU Bonds: EU.
    • Gold's outflow's of $687M suggests a cautious stance, but it's a long way from the panic of earlier - YTD exits now sum to over $31B.
    • Gold ETFs: GLD, IAU, SGOL, PHYS, AGOL, DGL, UBG, DGP, UGL, DZZ, GLL, DGZ, UGLD, DGLD, GLDI.
    | Sep. 3, 2013, 10:00 AM | Comment!
  • Sep. 2, 2013, 4:40 AM
    • Eurozone manufacturing PMI rises to a 26-month high of 51.4 in August (flash 51.3) from 50.3 in July.
    • Upturn broad-based, with PMIs rising in all countries except France.
    • Greece PMI of 48.7 a 44-month high.
    • Manufacturing in Germany, the Netherlands, Austria, Spain and Italy fastest for at least two years
    • "Companies reported the strongest improvement in business conditions for just over two years, with a pick up in new-orders growth suggesting the upturn will be sustained into September," says Markit.
    • However, companies remain reluctant to take on staff, suggesting "that there’s a long way to go before the recovery feeds through to a meaningful job market improvement." (PR)
    • Euro flat vs dollar. EU Stoxx 50 +1.5%.
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    | Sep. 2, 2013, 4:40 AM | 1 Comment
  • Aug. 30, 2013, 5:12 AM
    • Eurozone unemployment 12.1% in July, holding stead from June.
    • The lowest rates were in Austria (4.8%) and Germany (5.3%) and the highest in Greece (27.6% in May) and Spain (26.3%).
    • Euro -0.05% vs the dollar. (PR)
    • ETFs - Stocks: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU. Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX
    | Aug. 30, 2013, 5:12 AM | Comment!
  • Aug. 29, 2013, 5:25 AM
    | Aug. 29, 2013, 5:25 AM | Comment!
  • Aug. 27, 2013, 4:32 AM
    • As in Asia, shares in Europe are lower over the increasing tensions with Syria following what appears to be its use of chemical weapons.
    • "The apparent certainty that military action against Syria is on its way has traders highly uncertain about what the repercussions will be for igniting a powder keg in such an already volatile region," writes Capital Spreads trader Jonathan Sudaria.
    • The U.S. Treasury's confirmation that the government will hit the debt ceiling in mid-October is also weighing on sentiment.
    • A continuing improvement in German business confidence doesn't seem to be having any effect at all.
    • European equities ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU
    | Aug. 27, 2013, 4:32 AM | Comment!
  • Aug. 22, 2013, 10:54 AM
    • Europe is still missing $100B of net inflows, says SocGen, taking a close look at money going in and out of global mutual funds and ETFs. The $100B is the difference between flows into the U.S. and out of Europe since 2007 - a period which not coincidently had American equities outperforming those on the Continent. Consider that Japan and Emerging Markets (especially EM) also saw inflows during this period, and the contrast is even more startling.
    • The taper should favor European equities over those in the U.S. says the team, and early summer data - while thin - shows inflows picking up into Europe and slowing here.
    • Maybe benefitting the most from QE are emerging market inflows which have soared far higher than those of the U.S. or Japan. "Mind the liquidity gap," says the bank, as the end of asset purchases could prove destabilizing for EM assets. The anticipation of such has already started to see money bleed out of funds targeting those markets.
    • European equity ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU Bonds: EU.
    • Emerging market equity ETFs: AGEM, EEM, ADRE, SCHE, GMM, VWO, DEM, EWEM, PXH, PIE, EWX, DGS, EMLB, EDC, EET, EMSA, EDZ, EEV, EUM, TLTE, HILO, EELV, EEMA, EMFT, DVYE, FEMS, EVAL, EGRW, EMCR, IEMG, EMDR, EEME.
    | Aug. 22, 2013, 10:54 AM | 1 Comment
  • Aug. 22, 2013, 4:16 AM
    • Eurozone flash manufacturing PMI has increased to a 26-month high of 51.3 in August from 50.3 in July and exceeded consensus of 50.8. Services 51 (two-year high) vs 49.8 and 50.2. Composite output 51.7 vs 50.5 and 50.9. Manufacturing output 53.4 vs 52.3.
    • "The third quarter is shaping up to be the best that the euro area has seen in terms of business growth since the spring of 2011," says Markit. "The upturn is being led by Germany," while "a long-awaited recovery seems to be taking shape in the periphery." However, a "big question mark" still hangs over France. (PR)
    • The euro is flat vs the dollar after being lower earlier.
    • ETS: FXE, ERO, ULE, URR, EUO, DRR, EUFX, EZU, VGK, FEZ, EPV, IEVADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU,EU
    | Aug. 22, 2013, 4:16 AM | 2 Comments
  • Aug. 16, 2013, 5:21 AM
    • Eurozone seasonally adjusted trade surplus €14.9B in June vs €13.8B in May and consensus of €15.3B.
    • Exports +3% on month and imports +2.5%.
    • Interestingly, the EU-wide surplus for manufactured goods rose to €163B in January-May from €133.3B a year earlier. (PR)
    • Eurozone ETFs - Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX. Equities: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU
    | Aug. 16, 2013, 5:21 AM | Comment!
  • Aug. 16, 2013, 5:13 AM
    • Eurozone CPI -0.5% on month in July (as expected) vs +0.1% in June.
    • On year, CPI holds steady at +1.6%, also as forecast.
    • The lowest annual rate was -0.5% in Greece and the highest +3.1% in the Netherlands. (PR)
    • Eurozone ETFs - Euro: FXE, ERO, ULE, URR, EUO, DRR, EUFX. Equities: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU. Bonds: EU
    | Aug. 16, 2013, 5:13 AM | Comment!
  • Aug. 14, 2013, 5:24 AM
    | Aug. 14, 2013, 5:24 AM | 2 Comments
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VGK Description
Vanguard FTSE Europe ETF seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in the major markets of Europe.
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