Forbes’ Newsletters “Stock of the Week” - iShares MSCI France Index Fund (EWQ)
Source: http://Blog.QualityStocks.netPosted on Monday, August 11th, 2008 | In Market Commentary, OTCBB Markets, Small & Micro Cap, Stocks to Watch
The iShares MSCI France Index Fund (EWQ) is an ETF that is based on the MSCI France Index. The index currently is comprised of seventy-six securities with top sectors being financials, consumer discretionary, energy, industrials, and materials.
The France ETF (EWQ) is the ETF “pick of the week” from Carl Delfield, editor of the Chartwell ETF Global Advisor newsletter. Mr. Delfield highlighted several reasons for his choice of the France ETF. The main reason he highlighted is the current government of French President Nicholas Sarkozy. Sarkozy’s government has begun to implement major changes to the French economy. Some of the changes include: slashing of red tape, raising of the retirement age, privatization of some public sectors, and a possible end to the 35-hour work week.
Mr. Delfield believes that these recent policy changes signal that France is moving in the right economic direction. He also believes that now with French stocks at their lowest level in nearly two years, it’s a decent time for long-term investors to establish a position.
Mr. Delfield stated that the French stock market is dominated by leading multinationals which are able to search for growth globally. In fact, ten of Europe’s largest 40 multinationals are based in France. Some of these multinationals include: France Telecom, Arcelor Mittal, Total, BNP Paribas, GDF Suez, and Sanofi-Aventis. The companies in the France ETF (EWQ), he noted, are at reasonable valuations, trading at 5.4 times cash flow, 1.54 times book value, and with over a 4.5% yield.
Let us hear your thoughts below:
Last 5 posts by QualityStocks
- Satcon Technology Corp. (SATC) Lands Major Samsung Contract - November 19th, 2008
- EV Transportation, Inc.’s (EVTP.OB) Business Strategies - November 19th, 2008
- Stratos Renewables Corp. (SRNW.OB) Explores Potential with Clean Fuels - November 19th, 2008
- ClickSoftware Technologies Ltd. (CKSW) and Siemens Energy Combine Forces to Boost Productivity - November 19th, 2008
- Vortex Resources Corp. (VTEX.OB) Announces Successful Drilling and Engagement of Barnett-Shale Expert - November 19th, 2008
Arcelor, Aventis, Bnp Paribas, Carl Delfield, Chartwell ETF Global, energy, Europe, France, France Telecom, iShares MSCI France Index Fund, Market Commentary, MSCI France, Nicholas Sarkozy, OTCBB Markets, Small & Micro Cap, Stocks to Watch
 About QualityStocks (http://QualityStocks.net)
Our name, QualityStocks, emphasizes our commitment to connect subscribers with companies that have huge potential to succeed in the short and long-term future. We believe strong management and vision for the future are crucial for any company to be successful. Timing is everything and we help investors succeed by providing an objective, broad-based view of the SmallCap markets on a daily basis. Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.