iShares MSCI Europe Financials ETF
EUFN
position
long
Philippe Jabre
Thesis
Jabre invested in European financials ETFs when they were trading at 60% of book value, anticipating a recovery supported by strong actions from the ECB, which ultimately led to a significant increase in value.
Did it work?
worked
confidence: high
The long thesis on European financials ETFs has played out successfully, with a price performance of +120.7% over 38 months, which aligns with the anticipated recovery supported by ECB actions. The significant increase in value confirms the investment thesis that these assets were undervalued at 60% of book value.
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