Overview
Austria's market in one fund since 1996 — Erste and BAWAG's banks, OMV's energy and the industrial champions of Central Europe's gateway economy.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| EBS | Erste Group Bank | 22.8% |
| BG | BAWAG Group | 11.9% |
| OMV | OMV AG | 9.9% |
| ATS | AT&S Austria | 6.3% |
| VER | VERBUND AG | 4.9% |
| ANDR | Andritz AG | 4.6% |
| RBI | Raiffeisen Bank Intl | 4.5% |
| VOE | Voestalpine | 4.3% |
| VIG | Vienna Insurance | 3.9% |
| UQA | UNIQA Insurance | 3.5% |
Fund Details
Investment Thesis
Europe's quiet star: +38% as Austrian banks — a third of the fund — collected on Central and Eastern European growth and the continent's rearmament-era industrial revival. Vienna's lenders are effectively the banking system for the EU's fastest-growing region, still priced at single-digit earnings. EWO is the oldest pure way to own that exposure, and 2025's +74% run shows what happens when the discount closes.
Who It's For
Europe-focused value investors who want CEE banking growth through Vienna's listed champions — a small-country fund with region-sized exposure.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $16.53 | -- |
| 2017 | $24.64 | +49.1% |
| 2018 | $18.36 | -25.5% |
| 2019 | $20.80 | +13.3% |
| 2020 | $19.83 | -4.7% |
| 2021 | $25.45 | +28.3% |
| 2022 | $19.00 | -25.3% |
| 2023 | $21.61 | +13.7% |
| 2024 | $20.97 | -3.0% |
| 2025 | $35.47 | +69.2% |
| Year | Yield |
|---|---|
| 2016 | 2.29% |
| 2017 | 2.29% |
| 2018 | 3.50% |
| 2019 | 3.32% |
| 2020 | 1.04% |
| 2021 | 2.46% |
| 2022 | 4.55% |
| 2023 | 6.06% |
| 2024 | 7.24% |
| 2025 | 2.98% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.1B | -- |
| 2017 | $0.1B | +0.0% |
| 2018 | $0.1B | +0.0% |
| 2019 | $0.1B | +0.0% |
| 2020 | $0.1B | +0.0% |
| 2021 | $0.1B | +0.0% |
| 2022 | $0.1B | +0.0% |
| 2023 | $0.1B | +0.0% |
| 2024 | $0.1B | +0.0% |
| 2025 | $0.2B | +100.0% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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