There are two German bank ADR stocks that are available for US investors. A short summary of these stocks is given below:
1.Deutsche Bank AG – DB
Deutsche Bank is the largest bank in Germany.
Current dividend yield is 8.03% and the PE is 6.46.
2.CommerzBank AG – CRZBY
This is one the largest bank in Germany.
Current dividend yield is 5.27% and the PE is 7.72.
This post will list the Italian ADR stocks and discuss the ishares ETF for Italy.In the developed world, Italy offers some good investment opportunities. An investor looking to invest in Italy can take the easy route and select the country specific MSCI Index ETF from ishares. The ishares ETF for Italy is EWI.
EWI is not a big fund like EWA(Australia) or EWG (Germany).EWI has assets of about $239M. the dividend yield is 3.06% and the PE is 10.96.This ETF has a heavy allocation in financials at 45%.Rest of the fund is distributed among utilities,energy,etc.The fund has 37 stocks including Enel,Eni,Unicredit,Intesa Sanpaolo,Fiat, etc.
EWI Returns:
YTD the fund is down 5.65%.The average annualized returns are as follows:
1 yr: -7.75%
3 Yr: 12.02%
5 Yr: 15.66%
Note: All data mentioned here is as of June 27,2008.
So overall the ETF performance is good over many years.
However if you want to invest in individual Italian companies, there are a few ADRs available in the US.Out of these Italian ADRs Enel,Eni and Fiat are decent long-term plays.
The complete list of Italian ADR stocks are listed below:
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The five stocks listed below are some of the best foreign stocks one can hold for the next 5 years. They are selected based on many factors like dividend rates,consistent performance,long-term growth,ability to weather adverse market conditions, etc.
1.Company: Royal Bank of Canada
Country: Canada
Ticker: RY
2.Company: United Overseas Bank
Country: Singapore
Ticker: UOVEY
3.Company: RWE AG
Country: Germany
Ticker: RWEOY
4.Company: The Bank Of Nova Scotia
Country: Canada
Ticker: BNS
5.Company: ABB Ltd
Country: Switzerland
Ticker: ABB
Which Closed-End funds should you buy now?
Invest in those funds that are trading at a discount to the NAV.Simply put they are cheap.
What are some of the funds trading cheap now?
Here are five closed-end funds:
1. Mexico Fund – MXF
Discount to NAV: -14.09%
2. New Germany Fund – GF
Discount to NAV: -13.40%
3. Singapore Fund – SGF
Discount to NAV: -12.64%
4. The New Ireland Fund – IRL
Discount to NAV: -11.55%
5. Chile Fund – CH
Discount to NAV: -9.19%