Austrian Banks Fueled EWO's Gains; Margin Pressure Now Threatens The Income

Austrian Banks Fueled EWO's Gains; Margin Pressure Now Threatens The Income

The post Austrian Banks Fueled EWO’s Gains; Margin Pressure Now Threatens The Income appeared first on 24/7 Wall St.. iShares MSCI Austria ETF (EWO) — Austria's best-performing market with 41% one-year run and 3.6% yield. EWO distributions already declined 13% and 10% year-over-year as Austrian bank earnings face ECB easing headwinds. Strong euro has masked underlying payment weakness; currency reversal would amplify distribution declines ahe…