Seeking Alpha

Vanguard FTSE Europe ETF (VGK)

  • Feb. 4, 2013, 7:23 AM
    The euro takes a breather from what has been a huge run higher as Spain and Italy get their names in the paper again. Described as "unstoppable" last week and with speculative longs shooting higher, the euro almost had to turn lower. Currently -0.8% to $1.3563. Stoxx 50 -1%.
    | Comment!
  • Jan. 21, 2013, 10:00 AM
    Buy doom, sell confidence? No calls for an EU-led imminent financial calamity are likely to be heard at this week's gathering of big shots in Davos. "The eurozone is broadly on the right track," says former Deutsche Bank CEO Ackerman. A year ago: The EU is a "time bomb," said then-Mexican President Calderon. VGK +15% Y/Y.
  • Jan. 15, 2013, 4:36 PM
    Professional bear Albert Edwards generates headlines calling European stocks "unambiguously cheap." His more subtle message is the idea pension funds and such have swung the needle too far in favor of bonds over stocks, a move not yet fully played out, but that will leave equity fans with an incredible opportunity.
    | 1 Comment
  • Jan. 2, 2013, 7:13 AM
    European markets soar as they catch up to Monday afternoon's big rally in the States and react to last night's fiscal cliff deal. Stoxx 50 +3.6%, led by Spain +3.1%. The euro +0.5% to $1.3256.
    | 1 Comment
  • Dec. 22, 2012, 11:00 AM
    "Europe's for sale," declares the Barron's cover story arguing the Continent's stocks (VGK) remain cheap even after a 25% run since June 1. The yield on the Stoxx 600 is 3.8% vs. 2.2% on the S&P 500, and while the political crisis makes the headlines, Europe's firms have been busily cleaning up balance sheets, reducing capex, and building up cash balances.
  • Dec. 21, 2012, 11:42 AM
    Europe's on the mend. It's the U.S. with the fiscal issues now. Stocks across the pond barely flinch at the large sell off in the States, the Stoxx 50 closing -0.3%, with Italy the outlier on the upside, +0.4%. The euro -0.8% to $1.3166. The iShares MSCI Europe ETF (VGK) is up 16.4% YTD, nearly 400 basis points better than the SPY.
    | 1 Comment
  • Dec. 4, 2012, 8:16 AM
    Based simply on recent PMI levels, Western stock markets are 15-35% overvalued, says Deutsche Bank, which believes the Fed's QE∞ and the ECB's OMT have allowed equities a 6-month grace period. If early 2013 economic prints don't start to improve, look for stock markets to give up and adjust downward.
  • Dec. 3, 2012, 12:47 PM
    Among JPMorgan's (JPM) 9 market themes for 2013 is its belief European equities will outperform the U.S. as fiscal issues which have dogged the Continent for so long now move across the pond. It's more continuation play than contrarian play as Europe (VGK) has bested the U.S. (SPY) by nearly 300 basis points thus far in 2012.
    | Comment!
  • Nov. 29, 2012, 11:54 AM
    Thankfully closing before the House Speaker took the mic, Europe closes sharply higher, catching up to and surpassing yesterday's rally in the States. The Stoxx 50 +1.3%, led by Italy +2.8%. The euro flat at $1.2954. A quick check of the Vanguard MSCI Europe ETF (VGK) finds it ahead 13.4% YTD, exactly matching the SPY.
  • Oct. 26, 2012, 11:59 AM
    European shares manage gains to end the week despite a brief flutter on comments from the German finmin: "Greece's eurozone membership has not been decided." Stoxx 50 +0.8%, led by France +0.8%. Spain lags, closing -0.2%. Since Draghi's "whatever it takes" comments in late July, Europe (as represented by VGK) has gained 8.5%, beating the S&P 500 by 500 basis points.
    | Comment!
  • Oct. 23, 2012, 7:11 AM
    Just maybe the French economy has not bottomed. Industrial confidence declined to 85 in October, the lowest read since August 2009. European shares are at session lows, the Stoxx 50 -1.4% in what seems to be a continuation of yesterday's selling - cut short by a furious late rally in the U.S. The euro -0.4% to $1.3000. Spain: Downgrades, and missed targets, but that's not news.
    | 1 Comment
  • Aug. 28, 2012, 9:47 AM
    Ahead of the times? WisdomTree is changing the broad international focus of its HEDJ ETF into one offering exposure solely to European exporters (while hedging against euro fluctuations).
    | Comment!
  • Aug. 20, 2012, 9:04 PM
    More on the ECB: Mario Draghi appears to have won over at least one Bundesbank member as Jorg Asmussen tells a German newspaper high peripheral bond yields reflect exchange rate risk, thus "our monetary policy (is) achieved only incompletely." It's crucial wording, suggesting he's okay with ECB bond purchases as long as they're couched in saving EMU, not financing Spanish and Italian governments. "We are working on (a) new program and will deal with it (at the next policy meeting)."
  • Aug. 20, 2012, 8:39 AM
    Goldman makes a big call on an EU comeback, recommending going long a basket of European firms with high domestic sales exposure against a short of companies with high U.S. exposure. Jeff Gundlach's May recommendation of long Spain vs. short U.S. is working, EWP outperforming SPY by 400 bps since.
  • Aug. 20, 2012, 6:41 AM
    The Bundesbank warns (in its monthly report) moves to share "solvency risks" in the eurozone should be decided by governments, not the ECB. The comments follow speculation the ECB is considering intervention to cap spreads between peripheral and German bond yields by buying unlimited amounts of government debt. It's a plan Germany's finance ministry denies any knowledge of but says would be "very problematic."
    | Comment!
  • Aug. 19, 2012, 6:52 PM
    The ECB is considering capping peripheral bond yields by stepping in to buy the debt when its spread to German paper rises above a certain threshold, reports Der Spiegel. Draghi has complained that monetary policy transmission is broken, i.e., the ECB eases yet financial conditions tighten further in the periphery - this gives him his opening to buy government debt. A decision could come at the bank's September policy meeting.
Visit Seeking Alpha's
VGK vs. ETF Alternatives
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.
See more details on sponsor's website
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub