The Case for Europe Without Banks
Banks historically underperform with more risk:
• Riskier than Energy over the past 10 years
• Underperformance: Banks 2.7% annualized 10-year return vs. 9.3% for STOXX Europe 600
Better way to allocate to Europe?
• Leading consumer and health stocks like Nestle ($372B market cap) and Roche ($320B mkt. cap)
• Tech leaders like ASML ($261B mkt. cap)
Check out OEUR, Europe Without the Banks
|
Top 10 Holdings |
|
|
Roche Holding |
5.41% |
|
Nestle |
5.40% |
|
Novo Nordisk |
4.24% |
|
LVMH |
3.87% |
|
SAP |
3.20% |
|
Unilever |
3.03% |
|
L’Oreal |
2.94% |
|
ASML |
2.67% |
|
Novartis |
2.61% |
|
Deutsche Post |
2.35% |
|
Total |
35.72% |
| Sector | OEUR | Euro STOXX 50 | +/- |
| Industrials | 25.7% | 14.0% | 11.7% |
| Health Care | 23.2% | 5.5% | 17.8% |
| Consumer Staples | 20.6% | 7.8% | 12.7% |
| Consumer Discretionary | 11.9% | 20.7% | -8.8% |
| Information Technology | 7.2% | 15.7% | -8.5% |
| Financials | 7.1% | 15.0% | -7.9% |
| Banks | 0.0% | 8.2% | -8.2% |
| Utilities | 2.8% | 3.5% | -0.6% |
| Communication Services | 1.4% | 1.7% | -0.3% |
| Materials | 0.0% | 9.9% | -9.9% |
| Energy | 0.0% | 5.0% | -5.0% |
| Real Estate | 0.0% | 1.0% | -1.0% |
| Total | 100% | 100% | 0.0% |
Market-Cap as and Sector Breakdown as of 01/14/2022.
The OEUR Target Index performance information reflects the blended performance of the FTSE Developed Europe Qual/Vol/Yield 5% Capped Factor Index through May 31,2020 and the O’Shares Europe Quality Dividend Index thereafter.
Past performance does not guarantee future results. Investors cannot directly invest in an index.
For financial definitions, visit our Glossary page.
For OEUR performance data and holdings, click here.
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