French ETF Has a Certain Je Ne Sais Quoi


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In the last month, the France exchange traded fund ( ETF ) has been riding high after languishing for much of this year. What's behind this apparent reversal of fortune?

  • Second -quarter growth in France is anticipated to be better than the first, according to the Finance Minister. In the first quarter, the economy expanded 0.1% following 0.6% growth in the fourth quarter, reports RTT staff writer for RTT News . The Finance Minister Lagarde said she is confident that the country will meet the 2010 growth target of 1.4%. [ France's Small Step with Big Results. ]
  • Many of the country's largest companies are seeing a return to profitability. Military electronics maker Safran and aerospace group Thales reported a jump in earnings in the first half, reports UPI . Air France's profit rose in the fiscal fourth quarter on stronger business travel and freight traffic.

Caution, though: Observers note that the fiscal problems in France and the true cost to eurozone economies of possible bailouts are not priced into France's sovereign debt.

For more stories about France, visit our France category .

  • iShares MSCI France Index (NYSEArca: EWQ )

France ETF

Tisha Guerrero contributed to this category.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing ETFs
Referenced Stocks: ETF

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