EWI: Italy's Torrid 2025 Rally Due For A Pause, Eyeing Support Spots

  • EWI has delivered strong YTD returns, driven by Italy's outperformance and robust share-price momentum, but I rate it a hold. Valuation remains attractive with a low P/E ratio, but growth prospects are moderate, and the PEG ratio is not especially compelling. The ETF is heavily weighted toward financials and utilities, with minimal tech exposure, making it sensitive to sector rotation and macro trends.