FEZ

European Central Bank decides to split the difference on ending bond purchases

European Central Bank decides to split the difference on ending bond purchases

At its meeting today the European Central Bank decided to buy fewer bonds each month but for more months. Monthly purchases will be cut to 30 billion euros ($35 billion) from 60 billion euros beginning in January. But the bank will extend its bond purchases until September. Some observers had through the central bank would end purchases in January or March.

European Central Bank decides to split the difference on ending bond purchases

My second pick for my new Perfect 5 ETF portfolio, a European stock ETF

For my second pick for my new actively allocated, passive ETF portfolio, I’m going to keep working on the equity core. To yesterday’s pick of the iShares Core S&P 500 ETF (IVV), today I’m adding the SPDR Euro Stoxx 50 ETF (FEZ). This ETF concentrates on European blue chip stocks and tracks the Stoxx 50 Net Return Index. This ETF will fill the Non-U.S. Developed Markets slot in the portfolio. Why a European stock fund?