iShares MSCI Austria Index Fund (ETF) (EWO)
Exchange Traded Funds
Recs
This Austrian ETF is a great way to get some exposure to East European countries.Austrian companies are expanding rapidly into these countries and should benefit handsomely over the next 5 years.
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MONEY IS OUTSIDE OF U.S. NOW.
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This index holds a lot of financials that support the booming growth in Eastern Europe.
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I think Austria is a great market to hedge against the dollar falling further. This ETF has had great returns the last couple years, and still has a lot of room to run.
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I shares for long term investment
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eastern europe is hot.
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eASTERN eOROPE GROWING FAST
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Europe is on a tear, so this should do good.
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Europe is heating up as the US is cooling off. People that want a secure place to put their money outside of the US are looking to the developed Euro market. MSCI Austria is one of the more promising of the European indices. Count on this fund to keep things hot in the long term.
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I'll bet a Cap that the net-energy-exporting country (Austria) lying behind this ETF outperforms the (U.S.) market.
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strength of the euro area will continue relatively stronger than US dollar. The austrian banking community that makes up the majority of this index continues to do well, financing eastern european growth. Variations in the value of dollar and euro serve to add noise to underlying value. In the long term, I see the dollar as a weaker currency, which adds to dollar denominated performance.
As a long term play, the currency variation is a nuisance or a gain.

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