“Good, Bad and Ugly” in Europe Stocks & Sectors?

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%

 

Source: Bloomberg Finance L.P. data as of 12/31/2021. For financial definitions, see page 2. Holdings subject to change.
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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