Germany Readies €20B In Aid To Bolster Chip Production; Money To Be Distributed To German And International Companies By 2027; Will Be Drawn From The Climate And Transformation Fund
Portfolio Pulse from Charles Gross
Germany is preparing €20 billion in aid to boost chip production. The funds, to be distributed to both German and international companies by 2027, will be drawn from the Climate and Transformation Fund.
July 24, 2023 | 11:21 am
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The iShares MSCI Germany ETF (EWG) could be indirectly impacted by Germany's €20 billion aid to boost chip production, as it may benefit companies within the ETF's holdings.
The aid package is aimed at boosting chip production, a sector that is likely represented within the holdings of the EWG ETF. As such, companies within this ETF could benefit from the aid, potentially leading to positive performance for the ETF.
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