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mark19601962
09-13-2008, 5:03 PM | Post #2561410 |
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Hello, I would like to invest in a european etf, that tracks the general european market. Similar to a total market index fund for the us, but for europe. Any ideas of etf's that will do that. It has to be an etf, because I have a fidelity account, and i can't buy vanguard funds, without paying a transaction fee. Thanks in advance.
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ETF
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Hi Chinwhisker, Thanks a lot. That is a great help. Shared info in forums like these are great resources. Best, Mark
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ETF
kerryvan
09-14-2008, 8:21 AM | Post #2561603
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Mark, Just out of curiosity, why Europe? Currently the trend over the next few yrs is for the dollar to rise against the euro. Europe is facing hard time due to inflation and dropping euro. So if you get a 7 % return on the fund but lose 2-3 % on the exchange rate then are you really better off? I'm not suggesting to not own Europe, rather wonder about the motivation. I have and will continue to hold Europe, just for the diversification. I don't expect the returns of the past 3-4 yrs. I allocate a % to developed nations and then juggle the numbers based upon dollar trends. With the exception for the past 7 yrs I've been void in Japan, wondering if they will ever show a return (measured in western terms of $). Sometimes I think their strategy is to own market share and not make big $... which is another discussion..
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Hi Kerryvan, My motivation is exactly the same as yours. I follow the allocation recommnedation of William Bernstein, and allocate 5% of my total stocks to Europe. I thought that the Artisan International fund was European based, but I just found out it has a lot of emerging market. Also, it has become a growth fund, and the ideas I follow, (William Bernstein, Richard Ferri, and Larry Swedroe) say not to own growth. As for my Pacifac Rim fund, it is a good question if it should be Asia, or Asia ex Japan. I have not decided that one yet. Best, Mark
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asset allocation
kerryvan
09-14-2008, 6:02 PM | Post #2561814
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Mark, Aim has a few European, a couple that I'm in are not heavy euro based, aedax, esmcx, and then there is fnorx. I figure the large cap will be like any global large cap company, they depend on global sales, the local market doesn't make or break them. The small caps are just the reverse. The others that I track are more of an EM or frontier, so these are beyond what you are looking for, sorry I couldn't be of more help..
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Hi Kerryvan, Thanks for the ideas. If I understand you correctly, then it sounds like to get diversification (or non-correlation of performance), you would recommend european small caps. From the advise I have gotten from this site, so far "Vanguard European Stock ETF", looks like the best option. You seem to know a lot about investing. Thanks again.
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asset allocation
kerryvan
09-14-2008, 8:12 PM | Post #2561876
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Mark, from another post you made, guess you are near Bean town, I'm just north 40 miles. I'm definitely not a boglehead, I just lurk and make a few posts on this forum now and then. I spend most my time in the fido or mutual fund forums. I don't follow Vanguard funds, or many etf's.. I just started playing with some etf's with my 'mad money'.. I do follow intl markets, approx 70% intl for 5-7 yrs,, other than that, I'm just a novice investor like most the rest on these forums.. trying to save enough to retire.. haven't decided what that boogie needs to be..
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