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Trackinsight: ETFs to ponder for European construction rebound

01/19/2022 | 11:15am EDT

Eurostat data showed that construction output in the Euro Area edged up 0.5% year-on-year in November of 2021, the weakest increase in 3 months

Eurostat data showed that construction output in the Euro Area edged up 0.5% year-on-year in November of 2021, the weakest increase in 3 months and following a downwardly revised 3.6% rise in October. A slowdown was seen in both civil engineering (0.7% vs 2.5%) and building activity (0.3% vs 3.9% in October). Among the largest economies, a decline in construction output was recorded in Germany (-1.3% vs 1%), France (-3% vs 4.1%) and Spain (-5.6% vs -3.4%).

Investors betting on a construction rebound in the old continent can check out ETFs with exposure to the STOXX Europe 600 Construction & Materials index ? which include Invesco STOXX Europe 600 Optimised Construction & Materials UCITS ETF (XOPS), iShares STOXX Europe 600 Construction & Materials UCITS ETF (EXV8) and Lyxor STOXX Europe 600 Construction & Materials UCITS ETF (CST). The index provides exposure to construction and materials companies across 17 European countries including Vinci, Sika, CRH, Saint Gobain, Holcim, Geberit, and Assa Abloy ? to name a few.

This year, more than $11.3 million were pulled out of the ETF range, $7.5 million of which belonged to XOPS. 

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ę 2022
Stocks mentioned in the article
ChangeLast1st jan.
ASSA ABLOY AB 0.47% 234.3 Delayed Quote.-15.57%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.26% 0.66629 Delayed Quote.4.35%
BRITISH POUND / EURO (GBP/EUR) -0.06% 1.17817 Delayed Quote.-1.06%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.09% 0.744762 Delayed Quote.6.86%
COMPAGNIE DE SAINT-GOBAIN -1.21% 52.99 Real-time Quote.-13.29%
CST GROUP LIMITED -0.43% 2.3 Delayed Quote.-4.55%
GEBERIT AG -0.30% 527.6 Delayed Quote.-28.96%
HOLCIM LTD -0.76% 46.9 Delayed Quote.1.68%
INDIAN RUPEE / EURO (INR/EUR) -0.47% 0.012343 Delayed Quote.5.22%
INVESCO LTD. -1.12% 17.61 Delayed Quote.-22.50%
LONDON BRENT OIL -0.38% 111.079 Delayed Quote.41.60%
ON SEMICONDUCTOR CORPORATION -0.87% 55.6 Delayed Quote.-17.29%
SIKA AG -0.83% 261.4 Delayed Quote.-30.59%
SILVER 1.29% 21.496 Delayed Quote.-9.57%
STOXX EUROPE 600 -0.04% 433.24 Delayed Quote.-11.14%
STOXX EUROPE 600 NR -0.01% 989.92 Delayed Quote.-9.87%
US DOLLAR / EURO (USD/EUR) -0.16% 0.960393 Delayed Quote.9.20%
WTI 1.69% 109.848 Delayed Quote.44.13%
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