Overview
Pure Eurozone equity exposure — only countries sharing the euro currency. 230+ large and mid-cap companies from France, Germany, Netherlands, Italy, Spain, and other euro-adopting nations.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| SAP | SAP SE | 4.8% |
| ASML | ASML Holding | 4.4% |
| LVMH | LVMH Moet H. | 4.2% |
| TTE | TotalEnergies | 3.8% |
| SIE | Siemens AG | 3.4% |
| SAN | Santander Bank | 2.9% |
| AIR | Airbus SE | 2.8% |
| BNP | BNP Paribas | 2.6% |
| DTE | Deutsche Telekom | 2.4% |
| IFX | Infineon Tech. | 2.2% |
Fund Details
Investment Thesis
EZU provides the purest expression of the Eurozone equity thesis by excluding non-euro European markets like the UK, Switzerland, Sweden, and Denmark. This makes EZU the most direct vehicle for investors expressing a view on ECB monetary policy, euro-area fiscal coordination, and Eurozone economic cycles. The fund's heavy weighting in French luxury goods, German industrials, Dutch technology, and Spanish banking reflects the Eurozone's diverse but interconnected economic structure. European defense spending commitments and economic re-armament are creating multi-year earnings growth tailwinds.
Who It's For
Investors making a specific bet on the Eurozone economic area and the euro currency bloc rather than broad European equity markets. EZU is preferred over VGK or IEUR when the UK, Switzerland, or Scandinavian markets are not desired in the allocation. Suitable for those following ECB policy cycles, modeling Eurozone-specific economic scenarios, or building currency-specific regional equity positions within a global allocation.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $34.82 | -- |
| 2017 | $44.18 | +26.9% |
| 2018 | $36.82 | -16.7% |
| 2019 | $44.82 | +21.7% |
| 2020 | $46.82 | +4.5% |
| 2021 | $54.42 | +16.2% |
| 2022 | $40.82 | -25.0% |
| 2023 | $50.42 | +23.5% |
| 2024 | $41.02 | -18.6% |
| 2025 | $56.17 | +36.9% |
| Year | Yield |
|---|---|
| 2016 | 2.62% |
| 2017 | 2.42% |
| 2018 | 2.82% |
| 2019 | 2.62% |
| 2020 | 2.28% |
| 2021 | 2.08% |
| 2022 | 2.72% |
| 2023 | 2.48% |
| 2024 | 2.48% |
| 2025 | 2.68% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $4B | -- |
| 2017 | $6B | +50.0% |
| 2018 | $4B | -33.3% |
| 2019 | $5B | +25.0% |
| 2020 | $5B | 0.0% |
| 2021 | $7B | +40.0% |
| 2022 | $5B | -28.6% |
| 2023 | $6B | +20.0% |
| 2024 | $6B | 0.0% |
| 2025 | $7.0B | +16.7% |
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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