A Snapshot Of European Equities in 2015
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View from the Observation Deck  
  1. Today's blog post provides some consensus 2015 earnings estimates and price-to-earnings (P/E) estimates from analysts tracked by Bloomberg.
  2. Investors funneled a net $6.46 billion into European stock funds and ETFs for the 12-month period ended 1/31/15, according to Morningstar. Nearly $3.5 billion of it came in January 2015.
  3. From 2/28/14-2/27/15, the MSCI Europe Index posted a total return of -3.34% (USD), but when priced in euros the index posted a total return of 19.22%, according to Bloomberg.
  4. Please take a moment to read our recent post on the recent strength in the U.S. dollar (click here to view).  
  5. Every index in the chart has an estimated 2015 P/E below its respective 3-Year average, except for Sweden.
  6. The European Central Bank is scheduled to begin its trillion-euro quantitative easing initiative this month, according to Reuters.
This chart is for illustrative purposes only and not indicative of any actual investment. There can be no assurance that any of the projections cited will occur. The illustration excludes the effects of taxes and brokerage commissions and other expenses incurred when investing. Investors cannot invest directly in an index. The FTSE 100 Index is a capitalization-weighted index of the most highly capitalized companies traded on the London Stock Exchange. The CAC 40 Index reflects the performance of the 40 largest equities listed in France, measured by free-float market capitalisation and liquidity. The DAX Index is a total return index of 30 selected German blue chip stocks traded on the Frankfurt Stock Exchange. The SMI Index (Swiss Market) is a capitalization-weighted index of the 20 largest (represents around 85% of Swiss equity market) and most liquid stocks of the SPI (Swiss Performance Index) universe. The IBEX 35 is the official index of the Spanish Continuous Market and is comprised of the 35 most liquid stocks. The OMX Stockholm 30 Index is a market-weighted price index consisting of the 30 most actively traded stocks on the Stockholm Stock Exchange. The AEX-Index is a free-float adjusted market capitalization-weighted index of the leading Dutch stocks traded on the Amsterdam Exchange. The BEL 20 Index is a modified capitalization-weighted index of the 20 most capitalized and liquid Belgian stocks traded on the Brussels Stock Exchange. The OMX Helsinki Index includes all the shares listed on the Helsinki Stock Exchange. The MSCI Europe Index is a free-float weighted index designed to measure the performance of the developed equity markets in Europe.

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Posted on Tuesday, March 3, 2015 @ 2:09 PM

These posts were prepared by First Trust Advisors L.P., and reflect the current opinion of the authors. They are based upon sources and data believed to be accurate and reliable. Opinions and forward looking statements expressed are subject to change without notice. This information does not constitute a solicitation or an offer to buy or sell any security.