Latest news with #EuropeanEquity
Yahoo
3 days ago
- Business
- Yahoo
Is First Trust STOXX European Select Dividend ETF (FDD) a Strong ETF Right Now?
Designed to provide broad exposure to the European Equity ETFs category of the market, the First Trust STOXX European Select Dividend ETF (FDD) is a smart beta exchange traded fund launched on 08/27/2007. For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment. Market cap weighted indexes work great for investors who believe in market efficiency. They provide a low-cost, convenient and transparent way of replicating market returns. There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies. Non-cap weighted indexes try to choose stocks that have a better chance of risk-return performance, which is based on specific fundamental characteristics, or a mix of other such characteristics. This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. FDD is managed by First Trust Advisors, and this fund has amassed over $467.41 million, which makes it one of the average sized ETFs in the European Equity ETFs. This particular fund seeks to match the performance of the STOXX Europe Select Dividend 30 Index before fees and expenses. The STOXX Europe Select Dividend 30 Index consists of 30 high dividend-yielding securities selected from the STOXX Europe 600 Index. Since cheaper funds tend to produce better results than more expensive funds, assuming all other factors remain equal, it is important for investors to pay attention to an ETF's expense ratio. Operating expenses on an annual basis are 0.59% for FDD, making it on par with most peer products in the space. It's 12-month trailing dividend yield comes in at 5.82%. ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis. When you look at individual holdings, Taylor Wimpey Plc (TW/.LN) accounts for about 5.46% of the fund's total assets, followed by Aker Bp Asa ( and Legal & General Group Plc ( FDD's top 10 holdings account for about 41.91% of its total assets under management. Year-to-date, the First Trust STOXX European Select Dividend ETF has added roughly 36% so far, and is up about 29.58% over the last 12 months (as of 05/30/2025). FDD has traded between $11.07 and $15.24 in this past 52-week period. FDD has a beta of 0.84 and standard deviation of 19.23% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 34 holdings, it has more concentrated exposure than peers. First Trust STOXX European Select Dividend ETF is a reasonable option for investors seeking to outperform the European Equity ETFs segment of the market. However, there are other ETFs in the space which investors could consider. IShares MSCI Eurozone ETF (EZU) tracks MSCI EMU Index and the Vanguard FTSE Europe ETF (VGK) tracks FTSE Developed Europe All Cap Index. IShares MSCI Eurozone ETF has $7.90 billion in assets, Vanguard FTSE Europe ETF has $24.50 billion. EZU has an expense ratio of 0.51% and VGK charges 0.06%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the European Equity ETFs. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Trust STOXX European Select Dividend ETF (FDD): ETF Research Reports iShares MSCI Eurozone ETF (EZU): ETF Research Reports Vanguard FTSE Europe ETF (VGK): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
4 days ago
- Business
- Yahoo
Europe ETF (DBEU) Hits New 52-Week High
For investors seeking momentum, Xtrackers MSCI Europe Hedged Equity ETF DBEU is probably on the radar. The fund just hit a 52-week high and is up 19% from its 52-week low of $38.58 per share. Are more gains in store for this ETF? Let's take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed: Xtrackers MSCI Europe Hedged Equity ETF targets developed markets in Europe, while mitigating exposure to fluctuations between the value of the U.S. dollar and the currencies of the countries included in the MSCI Europe US Dollar Hedged Index. It has key holdings in financials, industrials, and healthcare. DBEU charges 45 bps in annual fees (see: all the European Equity ETFs here). The European stock market has been an area to watch lately, given the delay in EU tariffs. The European Union has agreed to accelerate tariff negotiations with the United States, easing fears of a trans-Atlantic trade war. The decision came after President Trump announced that the United States would postpone the implementation of a 50% tariff increase on all EU products, from June 1 to July 9, to allow time for further talks. Currently, DBEU has a Zacks ETF Rank #3 (Hold) with a Medium risk outlook. Therefore, it is hard to get a handle on its future returns one way or the other. DBEU might remain strong, given its weighted alpha of 10.80 and a lower 20-day volatility of 12.29%. There is definitely still some promise for investors who want to ride on this surging ETF. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Xtrackers MSCI Europe Hedged Equity ETF (DBEU): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Bloomberg
26-05-2025
- Business
- Bloomberg
European Earnings 'Surprisingly Normal,' Says Citi's Manthey
Head of European Equity Strategy at Citigroup, Beata Manthey says 'just weeks ago, Europe saw 'recessionary' EPS revisions amid heightened macro/policy uncertainty.' But added that 'Stoxx 600 companies have delivered surprisingly 'normal' results throughout the first quarter reporting season, with a historically typical share and size of earnings beats.' Manthey joined "Daybreak Europe" on Bloomberg TV on May 22. (Source: Bloomberg)
Business Upturn
30-04-2025
- Business
- Business Upturn
AGF Investments Announces Fee Reductions and Risk Rating Changes for Certain Funds
TORONTO, April 30, 2025 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) is pleased to announce today lower management and administration fees and risk ratings for certain funds. These changes build on the firm's commitment to continually reviewing its product line-up to ensure its offerings are responsive to market trends and competitively priced. Management Fee Changes AGF Investments is reducing management fees on the following funds/series effective May 1. Fund Series Current Management Fee Updated Management Fee AGF Equity Income Fund F 0.85 0.80 AGF European Equity Class MF 2.50 1.90 AGF European Equity Class T 2.50 1.90 AGF European Equity Class F 1.00 0.90 AGF Global Strategic Income Fund MF 2.25 2.00 AGF Global Strategic Income Fund T 2.25 2.00 AGF Global Strategic Income Fund V 2.25 2.00 Fixed Administration Fee Changes AGF Investments is reducing administration fees on the following funds/series effective May 1. Fund Series Current Admin Fee Updated Admin Fee AGF European Equity Class MF 0.38 0.17 AGF European Equity Class T 0.38 0.17 AGF European Equity Class F 0.32 0.02 Risk Rating Changes The following risk rating changes are effective today. Fund Current Risk Rating Updated Risk Rating AGF European Equity Class Medium-High Medium AGF European Equity Fund Medium-High Medium These risk rating changes are the result of an annual review conducted by AGF Investments using the prescribed risk classification methodology. No material changes have been made to the investment objectives, strategies or management of AGF European Equity Class/Fund. Further information about the AGF Funds can be found at This information is not intended to provide legal, accounting, tax, investment, financial, or other advice, and should not be relied upon for providing such advice. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. About AGF Management Limited Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth. AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm's collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations. Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $52 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B. About AGF Investments AGF Investments is a group of wholly owned subsidiaries of AGF Management Limited, a Canadian reporting issuer. The subsidiaries included in AGF Investments are AGF Investments Inc. (AGFI), AGF Investments America Inc. (AGFA), AGF Investments LLC (AGFUS) and AGF International Advisors Company Limited (AGFIA). The term AGF Investments may refer to one or more of these subsidiaries or to all of them jointly. This term is used for convenience and does not precisely describe any of the separate companies, each of which manages its own affairs. AGF Investments entities only provide investment advisory services or offers investment funds in the jurisdiction where such firm and/or product is registered or authorized to provide such services. AGF Investments Inc. is a wholly-owned subsidiary of AGF Management Limited and conducts the management and advisory of mutual funds in Canada. Media Contact Amanda MarchmentDirector, Corporate Communications416-865-4160 [email protected]
