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Vanguard FTSE Europe ETF (VGK)

  • Aug. 14, 2013, 5:24 AM
    | Aug. 14, 2013, 5:24 AM | 2 Comments
  • Aug. 14, 2013, 5:04 AM
    | Aug. 14, 2013, 5:04 AM | Comment!
  • Aug. 14, 2013, 2:09 AM
    | Aug. 14, 2013, 2:09 AM | Comment!
  • Aug. 14, 2013, 1:40 AM
    • French Q2 GDP +0.5% on quarter vs -0.2% in Q1 and consensus of +0.2%.
    • On year, GDP +0.3% vs -0.4% and -0.1%. (PR)
    • Euro spikes a bit vs the dollar and is now flat at $1.3263.
    • France ETF - EWQ
    • 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. 14, 2013, 1:40 AM | Comment!
  • Aug. 13, 2013, 9:11 AM
    • BAML reports surging confidence in the outlook for world growth in its fund manager survey, with 72% of respondents expecting the economy to pick up over the next year, a "striking" rise from last month's 52%. The "hard landing" in China continues to be the biggest bogeyman, though just 32% expect slowing economic growth there vs. 65% last month.
    • The best sentiment is in the eurozone, with a full 88% of respondents expecting the economy to strengthen next year -  a doubling from last month. Related ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, EPV, DFE, FEU, FEEU, EU.
    • Those overweight equities rises to 56% with fixed income underweighting rising to 57%.  Cash holdings are off slightly from July but remain elevated at 4.5%.
    • Sentiment remains sour towards emerging markets with a net 19% underweight the sector's equities - the worst read in about 2 years even as more than 75% of specialist fund managers view those stocks as undervalued. Related 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.
    • Michael Hartnett: "While global growth expectations have risen very rapidly, the good news is that cash levels remain high. Out-of-favor emerging markets offer some enticing opportunities to deploy these balances."
    | Aug. 13, 2013, 9:11 AM | Comment!
  • Jul. 31, 2013, 7:26 AM
    • Betting on economic recovery in the eurozone, Goldman Sachs Asset Management recently doubled its overweight position in European equities to more than 8%.
    • After bouncing along the bottom for years, "there are some positive signs of improvement," says CIO of international equities Eddie Perkins.
    • One sector of note is pharmaceuticals trading at a 50% discount to their U.S. peers, says Perkins.
    • GSK, SNY, SHPG, AZN, NVS, BAYRY.PK, RHHBY.OB come to mind
    • One caveat, says Perkins, is emerging market exposure - listed European companies get one-third of their revenue from EM and to the extent those countries are weak, it could lead to poor results.
    • ETFs of interest: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, DFE, FEU, FEEU.
    • Earlier: Eurozone unemployment drops for first time in 2 years.
    | Jul. 31, 2013, 7:26 AM | Comment!
  • May 27, 2013, 7:46 AM
    Alphavue's Pierre-Tves Gauthier is looking for a 20% upside in European equities (FEZ) amid "returning confidence" which he says is something people "forget about" what with the "absolutely awful macro-dynamic" in Spain and Italy. Gauthier claims the potential for share price drops in Spanish and Italian banks "has topped," an interesting contention given the projected €5-10B in extra provisions Spain's banks will need to take against refies. Ultimately, strong balance sheets and accelerating earnings "make a simple 'buy' recommendation," he says.
    | May 27, 2013, 7:46 AM | Comment!
  • May 14, 2013, 8:59 AM
    GMO's 7-year asset allocation model for U.S. stocks (VTI) is now predicting negative returns, says James Montier, presenting at the London Value Conference, and telling the audience GMO is now 50% in cash. Liking Europe (VGK, EZU, FEZ) a year ago, the big run has GMO less excited now. The best value could be emerging markets (EEM, DEM, VWO), but China's property bubble has GMO allocating less to EM than its models suggest.
    | May 14, 2013, 8:59 AM | 14 Comments
  • May 2, 2013, 1:17 PM
    Mario Draghi's hint of negative interest rates -which sent the euro tumbling this morning - might perk up investor interest in WisdomTree's (WETF) Europe Hedged Equity ETF (HEDJ +1.3%). WisdomTree has scored big-time this year as its previously little-known Japan Hedged Equity Fund (DXJ) has raked in assets. Unhedged Europe ETFs: EZU, VGK, FEZ, EPV, IEV, ADRU, FEP, FDD, UPV, DFE.
    | May 2, 2013, 1:17 PM | Comment!
  • Apr. 15, 2013, 3:32 PM
    In recovery mode following Vanguard's decision to swap out MSCI indexes for FTSE in several of its ETFs last October, Msci, Inc. (MSCI -3%) takes another blow as ProShares does the same with two of its European funds, UPV and EPV. Vanguard made its move to save on indexing costs - including its popular Europe ETF (VGK) - but ProShares hasn't yet commented on its reasoning.
    | Apr. 15, 2013, 3:32 PM | Comment!
  • Apr. 4, 2013, 11:41 AM
    Europe (FEZ, VGK, EZU) gives up a sizable early pop (following the BOJ) to close with solid losses. Leading is the FTSE (EWU) -1.1% as it appears the lame-duck leadership of the BOE is going to pass the baton to Mark Carney in July before further stimulus is forthcoming. The euro (FXE) is on a wild ride - plummeting as Draghi started his press conference only to gain it all back and more as the ECB chief said there are limits to what the central bank can do.
    | Apr. 4, 2013, 11:41 AM | Comment!
  • Mar. 27, 2013, 12:21 PM
    Vanguard transitions two more of its ETFs to FTSE benchmarks from MSCI, with VGK now tracking the FTSE Developed Europe Index and renamed the FTSE Europe ETF, and VPL tracking the FTSE Developed Asia-Pacific Index and named the FTSE Pacific ETF. The tickers are unchanged as are the expense ratios of 0.12%, though Vanguard expects those to come down over time.
    | Mar. 27, 2013, 12:21 PM | Comment!
  • Mar. 21, 2013, 9:42 AM
    Vanguard MSCI Europe ETF (VGK) announces quarterly distribution of $0.238. For shareholders of record Mar. 26. Payable Mar. 28. Ex-div date Mar. 22.
    | Mar. 21, 2013, 9:42 AM | 1 Comment
  • Mar. 20, 2013, 3:40 PM
    Enjoying a great run of inflows from its currency-hedged Japan Fund (DXJ), is WisdomTree (WETF) planning something similar for European shares? Director of Research Jeremy Schwartz shows how a hedged strategy lowers the risk of owning stocks across the pond.
    | Mar. 20, 2013, 3:40 PM | 1 Comment
  • Mar. 19, 2013, 3:18 PM
    The bailout rejected, what's next for Cyprus? Open Europe suggests the EU will allow a few days for Cypriot MPs to get their minds right before the ECB thinks about cutting off funding for the country's banks (which would lead to their collapse). Or not. Reuters' Anatole Kaletsky notes the ECB needs two-thirds of its board to cut off ELA funding, and the Germans don't have the votes. "Time to get bullish ... German U-turn ahead!"
    | Mar. 19, 2013, 3:18 PM | 126 Comments
  • Mar. 7, 2013, 7:52 AM
    Europe sheds some gains after the ECB keeps policy on hold, even though the decision was expected. The Stoxx 50 (FEZ) +0.2%. The euro (FXE) meanwhile adds to its gains, +0.4% at $1.3018.
    | Mar. 7, 2013, 7:52 AM | Comment!
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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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