Monday, May 16, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home ETFs

United Kingdom ETFs Are Riding the Re-Opening Momentum

MtR by MtR
June 7, 2021
in ETFs
0
United Kingdom ETFs Are Riding the Re-Opening Momentum


United Kingdom country-specific exchange traded funds are rallying as Britain’s economy reopens and tries to recover from the Covid-19 pandemic.

The iShares MSCI United Kingdom ETF (NYSEArca: EWU) has increased 15.8% year-to-date and advanced 26.8% over the past year, trading above its pre-pandemic levels.

Bank of England Deputy Governor Jon Cunliffe said on Friday that the U.K. is enjoying a strong economic rebound as COVID restrictions lift, but pubs and restaurants are still recovering faster than town-center retail segments, Reuters reports.

“What we’re seeing is a strong bounce back of activity,” Cunliffe told BBC Radio Suffolk.

“People have accumulated a lot of savings, they’re going out and they’re spending, particularly in those areas we couldn’t go out in the last year or so,” he added.

The U.K. economy’s recovery from the pandemic could be stronger than previously anticipated. The Organization for Economic Co-operation and Development projected that U.K. is likely to expand by 7.2% in 2021, an upgrade from its previous March projection of 5.1%. The new growth estimates are also set to be the fastest among the large rich countries, according to the OECD.

The OECD also raised its expectations on global growth to 5.8%, compared to the 4.2% it previously predicted in December.

U.K. Chancellor Rishi Sunak has attributed the improved forecast to the country’s successful Covid-19 vaccine rollout, along with the government’s plan for jobs. However, he warned that with debt at almost 100% of GDP, there was a need to “ensure public finances remain on a sure footing.”

For more news, information, and strategy, visit ETF Trends.



Source link

Related articles

2 Travel And Leisure ETFs For The Summer Holiday Season

May 16, 2022

Foreign leveraged ETF investors in Korea suffer massive losses in bear market

May 16, 2022

Related Posts

2 Travel And Leisure ETFs For The Summer Holiday Season

by MtR
May 16, 2022
0

Memorial Day, at the end of May, marks the start of the US summer travel season. And this year, according...

Foreign leveraged ETF investors in Korea suffer massive losses in bear market

by MtR
May 16, 2022
0

South Korean retail investors that have rushed to bet big on offshore leveraged exchange-traded funds (ETF) to offset the tepid...

First crypto ETFs to launch in Australia underwhelm on debut

by MtR
May 15, 2022
0

Latest news on ETFsVisit our ETF Hub to find out more and to explore our in-depth data and comparison toolsThe...

3 Low-Risk ETFs For Conservative Investors

by MtR
May 15, 2022
0

Image source: Getty Images Different investors have different risk appetites. For many, it’s more important to keep the capital intact...

Gold ETFs: Should you invest in them?

by MtR
May 15, 2022
0

Compared to physical gold investments, gold ETFs are known to be less expensive and offer an investor the flexibility to purchase as...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Ipos: The Bigger They Are, The Harder They Fall

May 16, 2022

mutual funds: Confused about risk profile? Here is how you can choose mutual funds easily

May 16, 2022

2 Travel And Leisure ETFs For The Summer Holiday Season

May 16, 2022

Euro zone bond yields rise after ECB’s Villeroy euro comments

May 16, 2022

Recent News

Ipos: The Bigger They Are, The Harder They Fall

May 16, 2022

mutual funds: Confused about risk profile? Here is how you can choose mutual funds easily

May 16, 2022

2 Travel And Leisure ETFs For The Summer Holiday Season

May 16, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter