iShares MSCI Spain ETF [EWP] Stock Forecast

Low-multiple financials in Spain bring down the PE for EWP to an attractive level. In particular, Santander, while exposed to some risks in the European economy, is increasingly well-positioned in investment banking. At the moment, NIMs continue to rise, and outside of the financial exposures is the recession resistance of utilities. EWP looks alright.

With softening in inflation, there's a compelling investment case for Europe ETFs.

The Eurozone economy has encountered a setback, with the first-quarter GDP showing an unexpected contraction. As economists express their pessimism, concerns rise over the region's future performance.

With Spain continuing to spearhead the wider Eurozone recovery, we take a deeper dive into the country's latest HCOB PMI data, which is compiled by S&P Global. Growth in the Spanish private sector over the past three months has been marked and a stark contrast to the weakness seen in the final quarter of 2022.

The iShares MSCI Spain ETF has been the pick of the Euro area this year, supported by a resilient economic backdrop. Conditions will get a lot more challenging later this year, however, as the impact of monetary tightening and a higher funding cost regime filter through to the real economy.

Europe investing has outperformed the United States in the initial phase of 2023. While the Credit Suisse crisis has weighed on the Europe investing in recent times, there are some factors that could led investors to buy the dip in Europe ETFs.

Spain offers one of the better growth outlooks in Europe. EWP is dominated by banks and utilities, two sectors that will be subject to windfall taxes that will impact future profitability.

The S&P 500 logged its worst year since 2008, mainly due to mounting inflation and rising rate worries. But some Europe ETFs outperformed the S&P 500 in 2022.

In line with the old adage "Sell in May and Go Away", May 2022 was not free from shockwaves thanks to high inflation and rising rate worries due to a hawkish Fed.

ETF Global Dynamic Model Portfolio Rebalance - Q1 2022

iShares MSCI Spain ETF is a US stock and trading under the symbol EWP

iShares MSCI Spain ETF stock price is $30.82 today.

Yes, iShares MSCI Spain ETF is a publicly traded company.