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Eurozone released its second quarter GDP numbers revealing that the region has finally emerge from six straight quarters of recession.
Is now the time for investors to -- -- to Europe are you a little late joining us now John -- I -- chief -- market strategist great to have you -- up I'd say about seven months ago.
I believe I was hearing you speak and he said that -- watch out because things are going to recover here is this a full blown recovery that your comfortable with -- talent a lot of investors.
-- -- -- is not -- it's not up full blown recovery but it is the beginning.
-- of something good aren't coming out of Europe very much what we have expected for a long time.
We've seen concerted Central Bank effort parallel -- Central Bank efforts around the world.
Marvelous work for Mario -- the -- Angela Merkel.
And these are the beginnings of the rewards for about but we wouldn't back up the truck but we would start layering in.
That the European story as well as develop markets around the world.
People talk about how Germany and France are dragging the rest of these countries along is that a fair assessment.
I think they most certainly are I think that that they've but -- -- reaching a big hand back and there there helping them up out of a -- so it's fair to say hello that.
We're -- late on this if it's suddenly we have some investor viewers who really wanted to get in the somewhat early it's okay now this is this is at least just a decent time to dip a toe -- to certain equities.
We would think that up for for investors who can handle a little bit of volatility -- who in the type of investors who have enjoyed.
Investing in the S&P 500 over the last four and a half years there's our Soledad -- understand the way markets work.
The discount mechanism.
And -- -- We think they can have a good opportunity here -- is a one way look at the at at the European markets.
-- a twelve month basis the Euro Stoxx 600 is already up about 23%.
-- the year to date up about 8% exact -- an attractive dividend.
I agree and and that's sort of been you want to get in folks when it is too scary that's what -- about the per say but.
Now people decided they want it let's talk and the beauty of ETF certainly exchange traded funds as you can buy a bunch of equities.
All within a single basket.
Let's get to the first one that that we wanted you to talk about it it is EZU.
This is an emerging markets but it only invests in European monetary union stocks correct.
Right and it's a diversified dot basket of by -- by European monetary union.
I get excited iShares.
Product and it it's readily available -- investors and -- a prospectus and a fact sheet.
Very readily I don't know what -- give us some names that are in there.
Well you know I can't talk names right now Liz because I'm in the process of of getting ready to launch a new unit investment trust.
Based on -- developing that did develop international job markets and die -- global markets including the US.
But I can give you an idea in terms of sectors sure.
We would it would woods hit it it will be easy -- be diverse all sectors within it but the sectors that we favour of the most here in this type of environment.
Are going to be cyclical because we're looking for the -- so we're gonna want to look at information technology consumer discretionary.
I'll will want to look at that dot industrials and also materials.
I think it goes those are what we'll get moving as is China begins its recovery Europe begins its recovery and it all works together with the US cannot just mentioned another ETF that you do like and that's the EF AA and this in essence is developed world markets.
Ex US but it includes in Europe UK Japan Australia New Zealand.
Yes that's correct it it it's it's essentially the world acts US and Canada in the developed countries that's right.
Well these are always.
All of what we expect there is that they what they develop markets are leading the emerging markets out of the I'm.
The a -- sums -- John it's wonderful to have you again it just to be clear.
People are too late to get into Europe now.
We don't think so -- we think this is a good opportunity.
You're not quite an early adapter.
But you're you're in the yards you're at the front end of it you're you're not not at the tail and we wouldn't think John -- so Oppenheimer great to happy thank you so much.
Thanks Liz Davis.
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