FYI: European equity ETFs have been largely unpopular this year, bleeding nearly $6 billion in combined assets amid an ongoing global economic slowdown.
That tide, however, could be about to turn due to two key factors: quantitative easing and bargain hunting.
The European Central Bank cut its deposit rate further yesterday into negative territory by 10 basis points, to negative 0.50%, and it announced the restart of its asset-buying program in November. The quantitative easing measures are expected to boost the eurozone economy. Expectations of this move had European stocks riding higher for over a week.
Regards,
Ted
https://www.etf.com/sections/features-and-news/europe-etfs-grab-value-spotlight?nopaging=1
