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FLEH (Franklin FTSE Europe Hedged ETF) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
As we head toward summer's end, ETF launches remain muted if this week is anything to go by, with only nine new funds debuting, a slight uptick from the week ended July 28. Perhaps most notably, JPMorgan rolled out another two actively managed ETFs on Monday that were converted from mutual funds.
The CPI for services spiked by 5.6% in July, compared to a year ago, up from 5.4% in June and 5.0% in May, another record in the data going back to 1997, according to Eurostat today. “Core” CPI (without food and energy products that consumers buy) remained at 5.5% in July, same as in June, and up from 5.3% in May.
The European Central Bank looks set to hike rates by 25bp on Thursday. With the bleak economic outlook and disinflation gaining traction, however, the end to rate hikes is near.
The latest data show that eurozone growth is not picking up, with services now also losing steam. While it's not all downhill from here, subdued growth is the best we can hope for.
Industrial production growth in Europe has more or less stagnated since late 2020 as the speedy recovery that followed the first round of lockdowns came to a halt. At the same time, the sector is in an incredible state of flux; structural changes around energy and trade are providing substantial challenges for businesses.
Rising corporate profits account for almost half the increase in Europe's inflation over the past two years, as companies increased prices by more than spiking costs of imported energy. Europe's businesses have so far been shielded more than workers from the adverse cost shock.
The European Central Bank President, Christine Lagarde, is keeping the door wide open for more interest rate rises this summer. Lagarde has been explaining her decision to raise eurozone rates again by 25 basis points today.
Dividends are back in vogue right now, but current income alone may not be enough to make expensive and potentially volatile U.S. equities a particularly appealing place to be. For some, it may make more sense to invest abroad in a foreign dividend ETF.