Northern Europe -July 2013 Returns

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Northern Europe July 2013 Returns

During second quarter 2013, Germany and the Netherlands did better than the global EAFE average.

July returns continued this trend with the average from these select northern European countries beating the EAFE index by 3.80% (9.05% minus 5.25%). This is also better than the iShares Core S&P 500 (IVV) which only appreciated 5.08%.

Sweden led the pack and appreciated 11.02% during the month. iShares Sweden (EWD) is 30% Financials and 29% Industrials. Among the top ten holdings are Ericsson telecommunications, H & M Hennes & Mauritz AB clothing store, and AB Volvo vehicle manufacturer.

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