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Investors are buying German stocks and the iShares EWG is winning big

Published by Sharesdealing Team on December 10, 2023

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. 

Disclaimer:  Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. SharesDealing does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. SharesDealing and the author will not be held responsible for this information.

SharesDealing and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. SharesDealing and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and SharesDealing are not registered investment advisors and nothing in this article is intended to be investment advice.

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