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European banks have outperformed U.S. rivals by a wide margin over five years. Here is whether that advantage is worth the higher fee.
Brazil's central bank and the European Central Bank (ECB) are studying a potential link between their instant payment systems, two people with direct knowledge of the matter said, in a move that could mark the first cross-border expansion of Brazil's hugely successful Pix platform.
Bank of America Corp DE trimmed its holdings in shares of iShares MSCI Europe Financials ETF (NASDAQ: EUFN) by 51.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,530 shares of the company's stock after selling 271,263 shares
State Street Financial Select Sector SPDR ETF carries a significantly lower expense ratio of 0.08% compared to 0.49% for iShares MSCI Europe Financials ETF. iShares MSCI Europe Financials ETF offers a higher dividend yield of 3.9% and has delivered a stronger 1-year total return of 29.4%.
The iShares MSCI Europe Financials ETF (EUFN) offers a higher dividend yield but carries a higher expense ratio than the State Street SPDR S&P Regional Banking ETF (KRE). KRE has experienced a significantly deeper maximum drawdown over the last five years than EUFN.
Cetera Investment Advisers lessened its stake in iShares MSCI Europe Financials ETF (NASDAQ: EUFN) by 81.7% during the undefined quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,160 shares of the company's stock after selling 76,564 shares during the quarter. Cetera Investment Advisers' holdings
EUFN provides broader geographic diversification across developed Europe with lower volatility, while KBWB concentrates on U.S. banks for more concentrated exposure.
iShares MSCI Europe Financials ETF offers a significantly higher trailing-12-month dividend yield than iShares U.S. Financials ETF. iShares MSCI Europe Financials ETF has outperformed over the past year but carries a deeper five-year maximum drawdown.