As the SPDR Portfolio Europe ETF (ARCA: SPEU) is down roughly 32% year-to-date, it may be a prime moment to hunt for stocks that have become undervalued in the European stock market. The SPDR Portfolio Europe ETF seeks to track the performance of the STOXX Europe Total Market Index, which is the European equivalent to the S&P 500 Index here in the U.S.
The conflict in Ukraine has evolved from grave tension to war.
On Thursday, President Joe Biden further condemned Russia’s actions in Ukraine, saying the White House is imposing new sanctions on four more major Russian banks, "freezing every asset they have in America."
Are you considering an international ETF for your portfolio? Indeed, 2019 turned out to be the second-best year on record for ETFs. In this period, exchange-traded funds inflows exceeded $326 billion. However, 2020 was a different year as the stock market started to experience challenges due to COVID-19.