I saw an interesting graph today on the decline in market capitalisation of European banks versus the total EU stock market. At first glance it looks like they've been oversold. Of course the loss of Greece would be a big factor.
But for their total value to be back to 1975 seems to indicate a bit of fear. Of course one would then have to identify which ones had been sold down that had the best financial strength. Or use an ETF. The thinly traded iShares MSCI Europe Financials Index Fund (Nasdaq: EUFN) trading at $14.63. This might be a good way to take a position. It holds shares in 100 EU banks according to capitalisation, and 50% is in:-
But for their total value to be back to 1975 seems to indicate a bit of fear. Of course one would then have to identify which ones had been sold down that had the best financial strength. Or use an ETF. The thinly traded iShares MSCI Europe Financials Index Fund (Nasdaq: EUFN) trading at $14.63. This might be a good way to take a position. It holds shares in 100 EU banks according to capitalisation, and 50% is in:-
| HSBC Holdings PLC | HBCYF.L | 13.69 |
| STANDARD CHARTERED | STAN.L | 4.97 |
| Banco Santander SA | BCDRF.BC | 4.39 |
| Allianz SE | ALIZF.DE | 4.30 |
| UBS AG Common Stock | UBS | 3.86 |
| Barclays PLC | BCLYF.L | 3.49 |
| Deutsche Bank AG | DB.DE | 3.43 |
| BNP PARIBAS | BNP.PA | 3.30 |
| Zurich Insurance Group AG Ltd | ZFSVF | 3.06 |
| Prudential PLC | PUKPF.L | 2.65 |
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