Overview
Single-country exposure to Spain's equity market. Top holdings include Banco Santander, Inditex, and Iberdrola. Significant banking and utility weighting.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| SAN | Banco Santander | 18.4% |
| ITX | Inditex SA | 14.8% |
| IBE | Iberdrola SA | 12.4% |
| BBVA | BBVA Bank | 10.8% |
| TEF | Telefonica | 8.4% |
| CABK | CaixaBank | 6.8% |
| AMS | Amadeus IT | 5.4% |
| FER | Ferrovial | 4.8% |
| REP | Repsol SA | 4.4% |
| REE | Red Electrica | 3.8% |
Fund Details
Investment Thesis
Spain's equity market has been one of Europe's strongest performers, driven by robust tourism revenues, strong banking earnings from higher interest rates, and Inditex's global fashion dominance. Spanish banks offer some of the highest dividend yields in European banking, while the economy's exposure to Latin America adds an emerging market growth dimension.
Who It's For
Investors with a specific thesis on Spanish economic strength, European banking sector recovery, and Southern European tourism growth. EWP suits those seeking high-dividend European equity exposure with significant banking and utility sector weighting. Best used as a satellite position within a broader international equity allocation.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $32.18 | -- |
| 2017 | $40.82 | +26.8% |
| 2018 | $30.18 | -26.1% |
| 2019 | $36.42 | +20.7% |
| 2020 | $32.18 | -11.6% |
| 2021 | $38.42 | +19.4% |
| 2022 | $29.82 | -22.4% |
| 2023 | $36.18 | +21.3% |
| 2024 | $44.82 | +23.9% |
| 2025 | $54.92 | +22.5% |
| Year | Yield |
|---|---|
| 2016 | 3.28% |
| 2017 | 2.98% |
| 2018 | 3.42% |
| 2019 | 3.18% |
| 2020 | 2.82% |
| 2021 | 2.58% |
| 2022 | 3.18% |
| 2023 | 2.92% |
| 2024 | 2.68% |
| 2025 | 2.72% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.6B | -- |
| 2017 | $0.8B | +33.3% |
| 2018 | $0.7B | -12.5% |
| 2019 | $0.8B | +14.3% |
| 2020 | $0.7B | -12.5% |
| 2021 | $0.9B | +28.6% |
| 2022 | $0.8B | -11.1% |
| 2023 | $0.9B | +12.5% |
| 2024 | $1.0B | +11.1% |
| 2025 | $1.1B | +10.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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