Opinions
Larry Berman CFA, CMT, CTA
iShares MSCI United Kingdom ETF
EWU-N
COMMENT
Mar 22, 2021
$31.385
Stock price when the opinion was issued
E.T.F.'s
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BUY ON WEAKNESS
DON'T BUY
Large Caps UK. This is a big issue with BREXIT in play. If you look at UKX-T you can see nothing has been gained from 2017 to 2019. He thinks it is very close to a time to invest in the British Pound. He prefers EWUS-T for smaller cap stocks because they have much higher upside. He is starting to nibble.
E.T.F.'s
BUY
A past pick. EWU carries the 100 biggest UK stocks; 70% of their revenues come outside the UK, because they're multinationals. The UK left the EU and the world didn't end. Sterling is quite weak, so you can still buy this. The UK will leave the EU by year's end with or without a deal. Pays a 4.5% yield at 14x earnings.
E.T.F.'s
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EWU is large cap stocks that would track large UK equities, like banks. EWS is for small caps. HEWU is to play it without the British Pound exposure.