During the second quarter of 2013 and last month in July northern Europe did significantly better than the EAFE Index.
This month (August 2013) the northern European countries did slightly worse, trailing the EAFE Index by 0.42% but still beating the S&P 500 by 1.13%. (The S&P 500 was down -2.90% during August 2013.)
Meanwhile iShares Europe ETF (IEV) was down 1.24% during the month. IEV is cap weighted and 33.12% in the United Kingdom (-0.43% for August 2013), 14.44% in Switzerland (-1.97%), and 14.31% in France (-4.84%).
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