Portugal Equity

Portugal equity mutual funds and ETFs own securities listed on Euronext Lisbon,... Portugal equity mutual funds and ETFs own securities listed on Euronext Lisbon, which was formerly known as the Oporto Stock Exchange. The most well-known benchmark is the PSI-20, which is a market-capitalization-weighted index of the largest 20 stocks on the exchange. As of 2018, domestic companies had a combined market capitalization of US$62 billion, according to the World Bank. The exchange has large weightings in utilities, consumer staples, and materials. Some of the largest companies on the market include EDP, Jeronimo Martins, and Galp Energia. Portugal equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Euro. The Portuguese economy, the world’s 50th largest by nominal Gross Domestic Product as of 2022, is characterized by a deep reliance on trade with Europe and low unemployment. As a developed market economy, Portugal equity mutual funds and ETFs are often purchased by conservative-minded investors. Last Updated: 04/19/2024 View more View less

Portugal equity mutual funds and ETFs own securities listed on Euronext Lisbon, which was formerly known as the Oporto Stock Exchange. The most well-known benchmark is the PSI-20, which is a market-capitalization-weighted index... Portugal equity mutual funds and ETFs own securities listed on Euronext Lisbon, which was formerly known as the Oporto Stock Exchange. The most well-known benchmark is the PSI-20, which is a market-capitalization-weighted index of the largest 20 stocks on the exchange. As of 2018, domestic companies had a combined market capitalization of US$62 billion, according to the World Bank. The exchange has large weightings in utilities, consumer staples, and materials. Some of the largest companies on the market include EDP, Jeronimo Martins, and Galp Energia. Portugal equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Euro. The Portuguese economy, the world’s 50th largest by nominal Gross Domestic Product as of 2022, is characterized by a deep reliance on trade with Europe and low unemployment. As a developed market economy, Portugal equity mutual funds and ETFs are often purchased by conservative-minded investors. Last Updated: 04/19/2024 View more View less