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FEZ

SPDR EURO STOXX 50 ETF

https://www.ssga.com/us/en/institutional/etfs/funds/spdr-euro-stoxx-50-etf-fez

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Asset Management

The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is a market capitalization weighted index designed to represent the performance of some of the largest companies across components of the 20 EURO STOXX Supersector Indexes. The EURO STOXX Supersector Indexes are subsets of the EURO STOXX Index.

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The European Central Bank (ECB) kept its key interest rates unchanged at its July meeting, aligning with market expectations. The ECB did not provide specific guidance on future policy, slightly chilling market expectations for a September rate cut. The euro held steady against the U.S. dollar, and European equity markets rose, with France's CAC 40 index being the top performer.

Portfolio Pulse from Piero Cingari

July 18, 2024 | 1:18 pm

European stocks and the British pound surged ahead of the UK election results, with the Labour Party expected to win a landslide victory. The FTSE 100 Index rose over 1%, led by Smith & Nephew, Bunzl, Melrose, and Barclays. The Invesco CurrencyShares British Pound Sterling ETF (FXB) edged 0.2% higher. The broader Euro STOXX 50 Index, tracked by the SPDR DJ Euro STOXX 50 ETF (FEZ), closed 0.4% higher. Cryptocurrencies, including Bitcoin, Ethereum, Solana, Ripple, and Cardano, saw significant declines.

Portfolio Pulse from Piero Cingari

July 05, 2024 | 3:00 pm

On CNBC's 'Final Trades,' Joseph M. Terranova picked Datadog (DDOG), Anastasia Amoroso chose SPDR EURO STOXX 50 ETF (FEZ), Stephen Weiss selected Uber (UBER), and Karen Firestone named S&P Global (SPGI). Datadog reported strong Q1 results, Uber announced a new partnership with Lightspeed Commerce (LSPD), and S&P Global beat earnings expectations.

Portfolio Pulse from Avi Kapoor

June 13, 2024 | 12:41 pm

The CNBC Halftime Report highlighted final trades including Uber Technologies, S&P Global, Datadog, and the SPDR DJ Euro STOXX 50 ETF. These stocks and ETF were recommended for investors to consider.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 5:00 pm

Ferrari NV (NYSE:RACE) plans to launch its first electric supercar in Q4 2025, aiming to challenge Tesla Inc (NASDAQ:TSLA). Ferrari is building a new factory and launched a lithium battery research lab. The company reported strong Q1 2024 sales and expects solid fiscal 2024 performance. Investors can gain exposure via SPDR DJ Euro STOXX 50 ETF (NYSE:FEZ) and SPDR Portfolio Developed World Ex-US ETF (NYSE:SPDW). Tesla reported a decline in Q1 deliveries and production.

Portfolio Pulse from Anusuya Lahiri

May 23, 2024 | 12:18 pm

Europe ETFs, including DAX, EWN, FEZ, and VGK, are experiencing an uptick in trading due to market optimism following comments from Fed Chair Powell, who indicated that a rate hike in the next policy move is unlikely.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:35 pm

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 6:04 pm

U.S. stocks, represented by SPDR S&P 500 ETF Trust (SPY), are trading at a 50% higher forward P/E ratio compared to European equities, represented by SPDR EURO STOXX 50 ETF (FEZ). Bank of America analysts argue that this premium is largely justifiable when adjusted for sector composition, growth differentials, energy security, and the potential from the AI investment cycle. The adjusted premium narrows to 12%, reflecting the U.S. economy's expected outperformance and a more stable growth outlook. Additionally, a burgeoning AI investment cycle in the U.S. is anticipated to drive robust earnings growth over the next few years.

Portfolio Pulse from Piero Cingari

March 25, 2024 | 9:31 pm

European stock ETFs, including FEZ and VGK, experienced gains following the European Central Bank's (ECB) recent meeting and decision on interest rates.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 8:28 pm

ECB President Christine Lagarde maintained a hawkish stance in the latest press conference, contrasting with Fed Chair Jerome Powell's dovish remarks. The ECB kept interest rates unchanged and signaled no discussions on rate cuts, focusing on a data-dependent approach. The ECB plans to sell securities from its Pandemic Emergency Purchase Programme at €7.5 billion monthly. Inflation and growth projections were updated, with inflation expected to average 5.4% in 2023 and economic growth to modestly increase. The euro strengthened, while European stocks dipped but currency-unhedged ETFs saw minor gains.

Portfolio Pulse from Piero Cingari

December 14, 2023 | 4:46 pm

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