First Trust STOXX European Select Dividend Index Fund·Financial Services

European stocks are set to rise on Tuesday as investors brace themselves ahead of President Trump's deadline for Iran to open the Strait of Hormuz.

The central bank last month left its key interest rate unchanged at 2%, but set out a number of ways in which developments in the Iran War might affect the eurozone's economic outlook.

The European Commission proposes 17 laws to unite capital markets, backed by major economies.

The European Central Bank is determined to prevent any energy-driven inflation from broadening out, but it is too early to discuss dates for possible interest rate hikes, French central bank chief Francois Villeroy de Galhau told Italy's La Stampa newspaper.

The European Central Bank should not rush to raise interest rates to combat a surge in inflation and should instead take time to analyse whether the jump is becoming entrenched, board member Isabel Schnabel said on Friday.

FDD targets 30 high-yielding European stocks, with supplementary screeners that call for a reasonable dividend payout ratio of 60%, and positive dividend growth over 5 years. Compared to other pockets in the world, FDD's dividend picture stands out, but relative to its own historical standards, it comes across as poor. FDD's financials-heavy portfolio could potentially prompt higher payouts going forward.
First Trust STOXX European Select Dividend Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the STOXX Europe Select Dividend 30 Index.
Financial Services
Asset Management
2007-08-30
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