EWO: Financials And Cyclicals Explain The Poor Long-Term Performance

  • US stock valuations are extreme, so I'm seeking undervalued opportunities in overlooked markets like Austria. The iShares MSCI Austria ETF (EWO) offers exposure to Austrian stocks, with a 0.50% expense ratio, a 5.13% dividend yield, and only 19 holdings. Many of the holdings are cyclical, including banks, insurance companies, energy firms and construction-related companies.