The battle of the financial ETFs

12.10.2017 / 09:53

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The iShares MSCI Europe Financials ETF is closing in on the total assets held by a similar fund tracking its U.S. peers. The European Financials exchange-traded fund has more than tripled in size to over $1.9 billion so far this year. Buyers have increased bets in the European financial sector this year following speculation the market had overreacted to Brexit. “We continued to add money to EUFN because we thought international markets represented a better value relative to the U.S.," said Josh Jenkins, a portfolio manager at CLS investments LLC.

Source: Bloomberg Pro Temrminal

Trader Bozhidar Arabadzhiev

Varchev Traders

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The battle of the financial ETFs

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