iShares MSCI Germany ETF (EWG)

The iShares MSCI Germany ETF presents a compelling case for a core holding, driven by a powerful multi-year recovery story. Over the last nine years, the fund has delivered a cumulative gain of +76.65%, fueled by six profitable years versus just three losses. Crucially, the most recent annual performance was a robust +35.06%, ending a streak of consecutive declines and signaling that the market has fully reassessed the underlying business quality. With a trailing P/E of 17.5x and a price-to-book ratio of 1.29x, the valuation remains reasonable relative to its growth trajectory. The recent price action shows resilience, trading near its 200-day moving average despite a slight dip below the 50-day line, which often precedes a bounce. While the short-term statistical forecast is flat, the fundamental momentum is clearly upward. Speculators are aligning with this view, placing significant open interest in calls at strikes well above the current price, betting on continued outperformance. The dividend yield of 2.01% provides a steady floor, though it is not the primary driver of value here. This is a solid buy-and-hold candidate for investors seeking exposure to a recovering European economy.