SAP, SIEMENS and Allianz are jsut some of the big names which make up the holdings of EWG. The ETF is enjoying huge demand as the shares reached $29 on Friday! There is still more room to the upside for the asset to grow, if its aiming o retest the ATH.
In early November EWG shares were trading below $25. In roughly 20 business days, prices jumped with more than $4. This is a huge increase for such a short period of time. If you took part in the rally, you would be counting now almost 20% return on your investment.
We recognize that improving inflation, which leads to increased risk appetite, is the main driver for the huge increase in the shares’ price. No new rate hikes also made investors a lot more positive. This is why we have an idea about the next price swing in EWG. Please visit our Premium section to see the preferred direction.
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