Update: UBS ETF MSCI Emu UCITS

Die Erholung der Südländer hat die Rendite von Euroland-Indizes in den vergangenen 24 Monaten beflügelt. Der hohe Anteil an Finanzaktien sollte Investoren hellhörig machen.

Rolle im Portfolio

The fund offers broad-basket equity exposure to large and mid-cap companies domiciled within the European Monetary Union (EMU).

Due to its broad sector and geographic equity exposure, this ETF can be utilised as a core holding in a diversified portfolio.

The exclusion of non-EMU stocks from the benchmark index – most prominently UK and Swiss stocks - increases its sector concentration compared to broader European indices such as the STOXX Europe 600. More specifically, the MSCI EMU overweights consumer cyclicals, technology, and utilities and underweights consumer defensives and healthcare compared to the STOXX Europe 600. Despite these differences in country and sector exposure, the two indices have maintained nearly perfect positive correlation over the past 10 years (~97%). Over the same timeframe, the MSCI EMU index has also exhibited a high historical correlation (~84%) with the MSCI World index.

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Über den Autor

Morningstar ETF Analysts  research hundreds of ETFs available to European investors. The Morningstar Rating for ETFs is based on a risk-adjusted performance measure.

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