The ECB raised the size of its Pandemic Emergency Purchase Programme (PEPP) to ???1.35 trillion ($1.52 trillion) from ???750 billion.
As the ECB announced massive bond-buying program in order to fight the coronavirus-induced fallout, these Europe ETFs may gain over the long term.
ECB President Christine Lagarde keeps rates unchanged for the Euro zone and offers a moderately bullish view on the economy. This puts these ETFs in focus.
Inside the ETF events that ruled the broader market in the third quarter.
The ECB turned dovish as expected in its September meeting by re-launching QE measures and cutting rates. These ETFs could gain/lose on the latest ECB move.
Though Mario Draghi is about to step down next month, Europe ETFs are likely to gain from the highly expected rate cuts ahead.
As global central banks embark on a rate cut journey, global bond yields took a hit, benefiting these bond ETFs.