The Real Magnificent Ones

Vinay Tolia |
Categories
ideas

What's outperformed the Mag 7 over the last year?

European financials.

Mag 7

33x

Trailing P/E

 

EUFN

14x

Trailing P/E

1-Year Return

Mag 7: +24%

EUFN: +63%

EUFN vs Mag 7: 1-Year Total Return

EUFN vs Mag 7 1-Year Total Return

The valuation gap is at multi-decade extremes. Most advisors have zero European financials exposure.

One Way To Play It

EUFN 3Y Uncapped Buffer Note

1.25x participation (uncapped) · 15% hard buffer

Worth exploring?

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