EUFN
iShares MSCI Europe Financials ETF
iShares MSCI Europe Financial Sector Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks results that correspond generally to the price and yield performance of the MSCI Europe Financial Sector Index.
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | International Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 20, 2010 |
| Assets (mns) | $1,334 |
| Expense ratio | 51 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HSBC HOLDINGS PLC | 7.7 % |
| ALLIANZ SE-REG | 5.6 % |
| UBS GROUP AG | 5.1 % |
| BANCO SANTANDER SA | 4.0 % |
| ZURICH FINANCIAL SERVICES AG | 3.8 % |
| BNP PARIBAS | 3.7 % |
| BANCO BILBAO VIZCAYA ARGENTA | 3.4 % |
| AXA SA | 3.3 % |
| MUENCHENER RUECKVER AG-REG | 3.1 % |
| UNICREDIT S.P.A. | 2.9 % |
Constituent Breakdown
| Number of holdings | 82 |
| Herfindahl-Hirschman Index | 277 |
| Wgt avg mkt cap (mns) | $62,682 |
| Large cap (>$10bn) | 95.8% |
| Mid cap ($2-10bn) | 4.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 22.6 % |
 |
SWITZERLAND | 14.6 % |
 |
GERMANY | 13.9 % |
 |
FRANCE | 9.9 % |
 |
ITALY | 8.5 % |
 |
SPAIN | 8.3 % |
 |
NETHERLANDS | 6.3 % |
 |
SWEDEN | 6.0 % |
 |
FINLAND | 2.8 % |
 |
BELGIUM | 1.8 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 1.2% | 19.5% | 11.2% | 8.2% | 7.4% | 2.2% | 3.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.90 | 49% |
| MSCI EAFE | 1.15 | 74% |
| MSCI Emg Mkts | 0.92 | 51% |
Liquidity Measures
| Avg. volume (000) | 660 |
| Turnover | 1.1% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $5,657 |
Technical Indicators
| Recent close | $21.87 |
| 30d moving avg. | $19.89 |
| Annualized volatility | 22.8% |
| Relative strength (RSI) | 78 |
| Short interest (ETF) | 1.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EUFN |
Expenses vs. EUFN |
ALTAR Score™ vs. EUFN |
|---|---|---|---|---|
| FEZ | SPDR EURO STOXX 50 ETF | 20.2% | -22 bp | -2.0% |
| IPKW | Invesco International BuyBack Achievers ETF | 20.2% | +4 bp | +1.0% |
| FDD | First Trust Stoxx European Select Dividend Index Fund | 19.8% | +7 bp | +4.9% |
| IXG | iShares Global Financials ETF | 19.5% | -9 bp | -1.3% |
| EZU | iShares MSCI Eurozone ETF | 19.0% | +1 bp | -2.0% |
| EWU | iShares MSCI United Kingdom ETF | 18.5% | -1 bp | -0.2% |
| EFV | iShares MSCI EAFE Value ETF | 18.4% | -17 bp | +1.0% |
| IEV | iShares Europe ETF | 18.2% | +16 bp | -2.1% |
| FEP | First Trust Europe AlphaDEX Fund | 17.4% | +29 bp | +0.5% |
| FLGB | Franklin FTSE United Kingdom ETF | 17.3% | -42 bp | +0.3% |
Risk and Returns: EUFN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EUFN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
EUFN
8.3%
Cat. Avg
7.3%
Fund Category: International Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.3% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 7.3% and a standard deviation of
2.6%. EUFN's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places EUFN in the 66th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
EUFN
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EUFN | 51.0 | 5.4 | 56.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .