The iShares Core MSCI Europe ETF (NYSEARCA:IEUR) enables U.S. investors to get direct exposure to a large array of European companies. IEUR, as of July 8, 2021, owns 1,049 holdings, with a price/book ratio of 2.19 and a trailing price/earnings ratio
IEUR: European Equities Are Likely Undervalued
Summary
- European equities look potentially pessimistically priced.
- IEUR offers over 20% upside, provided an absence of significant risk aversion and/or another unexpected "economic calamity".
- Provided the status quo holds, and as European stocks meet (or even only mostly meet) current earnings estimates, IEUR should find significant lift into 2022.
Providing commentary and analysis, principally focused on global macro, foreign exchange, and equities as an asset class. Primary interests include equity investing from an international perspective, and FX fair values.
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