{"id":6669,"date":"2021-04-26T17:34:06","date_gmt":"2021-04-26T17:34:06","guid":{"rendered":"https:\/\/etfinveste.pt\/?page_id=6669"},"modified":"2021-04-26T18:49:55","modified_gmt":"2021-04-26T18:49:55","slug":"analise25_imae","status":"publish","type":"page","link":"https:\/\/etfinveste.pt\/analise25_imae\/","title":{"rendered":"iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE"},"content":{"rendered":"\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t
\n
\n

iShares Core MSCI Europe UCITS ETF EUR (Acc) – IMAE<\/b><\/h1>\n<\/div>\n<\/div>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

DESCRI\u00c7\u00c3O<\/span><\/strong><\/h4>\n

Pela primeira vez vamos analisar um ETF exclusivamente do mercado europeu. O IMAE da iShares foi lan\u00e7ado em 2009 e segue, de forma otimizada, o MSCI Europe Index<\/i>. Este \u00edndice integra mais de 430 empresas em 15 pa\u00edses desenvolvidos na Europa e afirma cobrir cerca de 85% do total de mercado capitaliza\u00e7\u00e3o bolsista neste continente.  <\/span><\/h4>\n

De momento o IMAE \u00e9 o 2\u00ba maior ETF em AUM que segue o \u00edndice MSCI Europe<\/i> ficando atr\u00e1s do IMEU, tamb\u00e9m da iShares, mas com a grande diferen\u00e7a, o IMAE \u00e9 acumulativo. Um rival direto do MSCI Europe<\/i> \u00e9 o \u00edndice Stoxx Europe 600<\/i> que diversifica num n\u00famero superior de empresas, det\u00e9m cerca de 600 companhias em 17 pa\u00edses europeus. O ETF mais conhecido que segue este \u00edndice \u00e9 o EXSA, tamb\u00e9m da iShares, mas tem a desvantagem de possuir um TER mais elevado que o IMAE (0,20% vs 0,12%).<\/h4>\n

O IMAE possui tamb\u00e9m a vantagem de estar dispon\u00edvel com comiss\u00f5es gr\u00e1tis em duas das corretoras online mais usadas na Europa, isto se os investidores cumprirem um conjunto de regras j\u00e1 exemplificadas nestes dois artigos: Degiro<\/a><\/u>, <\/span>XTB<\/u><\/a>.  <\/span><\/h4>\n

Neste momento, a Euronext Amsterdam \u00e9 a Bolsa de Valores escolhida pelas duas corretoras para obterem a transa\u00e7\u00e3o gr\u00e1tis, logo ser\u00e1 a mais recomendada aos investidores residentes em Portugal, tamb\u00e9m com a vantagem de negocia\u00e7\u00e3o em euros.<\/h4>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

DIVERSIFICA\u00c7\u00c3O<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Analisando a diversifica\u00e7\u00e3o do IMAE \u00e9 poss\u00edvel observar uma equilibrada exposi\u00e7\u00e3o entre os 5 maiores setores, n\u00e3o evidenciando uma grande diferen\u00e7a percentual entre eles. Interessante observar que o setor das Tecnologias de Informa\u00e7\u00e3o n\u00e3o \u00e9 t\u00e3o representativo comparativamente a outros \u00edndices geogr\u00e1ficos, como por exemplo, em pa\u00edses emergentes ou nos EUA.  
Avaliando o quadro de empresas, \u00e9 demonstrado que 18,33% do IMAE \u00e9 representado pelas suas 10 maiores empresas, num universo total de cerca de 430 holdings, revelando uma aceit\u00e1vel diversifica\u00e7\u00e3o.
<\/span>Analisando individualmente o seu Top 10 s\u00e3o conhecidas a generalidade das empresas, entre elas a Louis Vuitton (LVMH), Siemens, ou ultimamente a pol\u00e9mica AstraZeneca, pelo seu fornecimento de vacinas contra o Covid-19 em v\u00e1rios pa\u00edses da UE. De salientar que 4 das 10 empresas s\u00e3o do setor Sa\u00fade e Farmac\u00eauticas.<\/h4>\n

Verificando os resultados em Bolsa do Top 10, apesar de todas as empresas terem recuperado da queda de mar\u00e7o de 2020, data do in\u00edcio pand\u00e9mico, observa-se alguma irregularidade em manter a tend\u00eancia de subida. Companhias como a Roche, Nestl\u00e9 ou Novartis, tem mostrado muita volatilidade no \u00faltimo ano, havendo algumas empresas como a AstraZeneca, Roche ou Unilever que demonstram resultados acumulados negativos comparativamente ao ano passado.<\/span> 
No cen\u00e1rio inverso a Siemens, ASML e a LVMH tiveram tend\u00eancias de subidas muito acentuadas nesse mesmo per\u00edodo.<\/span><\/h4>\n
 <\/div>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
SETOR<\/th>PESO<\/th>\n<\/tr>\n<\/thead>\n
Financeiras<\/td>15.65%<\/td>\n<\/tr>\n
Industriais e servi\u00e7os diversos<\/td>14.73%<\/td>\n<\/tr>\n
Sa\u00fade e Farmac\u00eauticas<\/td>13.73%<\/td>\n<\/tr>\n
Bens de Consumo essenciais<\/td>12.75%<\/td>\n<\/tr>\n
Bens de Consumo n\u00e3o essenciais<\/td>11.98%<\/td>\n<\/tr>\n
Ind. de Materiais e Transforma\u00e7\u00e3o<\/td>8.39%<\/td>\n<\/tr>\n
Tecnologia de informa\u00e7\u00e3o<\/td>8.18%<\/td>\n<\/tr>\n
Servi\u00e7os de utilidade P\u00fablica<\/td>4.56%<\/td>\n<\/tr>\n
Energia<\/td>4.28%<\/td>\n<\/tr>\n
Servi\u00e7os de Comunica\u00e7\u00e3o<\/td>3.89%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
EMPRESA<\/th>PESO<\/th>\n<\/tr>\n<\/thead>\n
NESTLE SA<\/td>3.21%<\/td>\n<\/tr>\n
ASML HOLDING NV<\/td>2.59%<\/td>\n<\/tr>\n
ROCHE HOLDING PAR AG<\/td>2.23%<\/td>\n<\/tr>\n
LVMH<\/td>1.96%<\/td>\n<\/tr>\n
NOVARTIS AG<\/td>1.83%<\/td>\n<\/tr>\n
SAP<\/td>1.41%<\/td>\n<\/tr>\n
UNILEVER PLC<\/td>1.4%<\/td>\n<\/tr>\n
ASTRAZENECA PLC<\/td>1.29%<\/td>\n<\/tr>\n
SIEMENS N AG<\/td>1.22%<\/td>\n<\/tr>\n
NOVO NORDISK CLASS B<\/td>1.19%<\/td>\n<\/tr>\n
PESO EMPRESAS TOP 10\t<\/td>18.33%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

PERFORMANCE<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Analisando o desempenho gr\u00e1fico do IMAE, destaca-se a tend\u00eancia continua de subida ap\u00f3s o seu lan\u00e7amento em 2009. De assinalar que ap\u00f3s um per\u00edodo de queda mais acentuado, o IMAE reage e tenta rapidamente recuperar o seu valor, exemplos vis\u00edveis em 2018 e 2020. Este ETF bateu muito recentemente o seu m\u00e1ximo hist\u00f3rico no dia 19\/04, registando um NAV de \u20ac 61,09. Desde a\u00ed, obteve uma ligeira queda e tem lateralizado entre os \u20ac 60,20\/\u20ac 60,60. <\/h4>\n

<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t\t\t\"\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

Verificando os resultados acumulados do IMAE, s\u00e3o apresentados resultados positivos em todos diferentes per\u00edodos de an\u00e1lise. Destaque<\/span> comparativamente ao seu lan\u00e7amento, em setembro de 2019, os resultados deste ETF surpreendem registando um crescimento superior a 140% desde essa data. No m\u00e9dio e curto prazo apesar de resultados inferiores, situa-se ainda acima dos 35% face ao ano passado. Os resultados desde o in\u00edcio de 2021, apesar de mais t\u00edmidos s\u00e3o sempre positivos, com um YTD assinal\u00e1vel acima dos 11%.<\/span><\/h4>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t
PERFORMANCE(\u20ac)(at\u00e9 25\/04\/2021)<\/th>IMAE<\/th>\n<\/tr>\n<\/thead>\n
1 M\u00caS<\/td>4.14%<\/td>\n<\/tr>\n
3 MESES<\/td>8.64%<\/td>\n<\/tr>\n
YTD<\/td>11.40%<\/td>\n<\/tr>\n
1 ANO<\/td>35.31%<\/td>\n<\/tr>\n
3 ANOS<\/td>23.45%<\/td>\n<\/tr>\n
Desde Lan\u00e7amento<\/td>143.92%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

OUTROS DADOS<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

O IMAE possui um TER de 0,12% ficando em ligeira vantagem face ao EXSA, j\u00e1 referenciado acima<\/span>.
Quanto \u00e0 diversifica\u00e7\u00e3o geogr\u00e1fica, existe uma maior exposi\u00e7\u00e3o no Reino Unido, mas com pouca diferen\u00e7a face ao restantes pa\u00edses da lista, com a Fran\u00e7a e a Alemanha a encerrarem o p\u00f3dio. Uma nota para a presen\u00e7a de empresas portuguesas neste ETF com a GALP, EDP e Jer\u00f3nimo Martins apresentando um peso em conjunto de 0,25%. <\/h4>\n

Verificando alternativas nos EUA, existe uma r\u00e9plica lan\u00e7ada tamb\u00e9m pela iShares em 2014, o IEUR segue exatamente tamb\u00e9m o \u00edndice<\/span> MSCI Europe <\/i><\/span>e engloba o mesmo portfolio do IMAE.<\/span><\/h4>\n

Por \u00faltimo, o IMAE n\u00e3o possui qualquer distribui\u00e7\u00e3o de dividendos<\/span>, <\/i>se pretender este ETF com distribui\u00e7\u00e3o de dividendos, relembro que poder\u00e1 optar pelo IMEU, tamb\u00e9m da iShares.<\/span><\/h4>\n

<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
PA\u00cdS<\/th>PESO<\/th>\n<\/tr>\n<\/thead>\n
Reino Unido<\/td>22,42%<\/td>\n<\/tr>\n
Fran\u00e7a<\/td>17,84%<\/td>\n<\/tr>\n
Alemanha<\/td>15,02%<\/td>\n<\/tr>\n
Su\u00ed\u00e7a<\/td>14,54%<\/td>\n<\/tr>\n
Holanda<\/td>6,75%<\/td>\n<\/tr>\n
Su\u00e9cia<\/td>5,73%<\/td>\n<\/tr>\n
Dinamarca<\/td>3,86%<\/td>\n<\/tr>\n
It\u00e1lia<\/td>3,85%<\/td>\n<\/tr>\n
Espanha<\/td>3,75%<\/td>\n<\/tr>\n
Finl\u00e2ndia<\/td>1,61%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t
\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
C\u00f3digo ISIN\u00a0<\/td>IE00B4K48X80<\/td>\n<\/tr>\n
Ticker<\/td>IMAE<\/td>\n<\/tr>\n
Sociedade gestora<\/td>iShares<\/td>\n<\/tr>\n
Data de lan\u00e7amento<\/td>25\/09\/2009<\/td>\n<\/tr>\n
Moeda<\/td>EUR<\/td>\n<\/tr>\n
Categoria<\/td>A\u00e7\u00f5es<\/td>\n<\/tr>\n
NAV<\/td>\u20ac60.47<\/td>\n<\/tr>\n
AUM<\/td>\u20ac4,68mM<\/td>\n<\/tr>\n
Distribui\u00e7\u00e3o de Dividendos<\/td>N\u00e3o - Acumulativo<\/td>\n<\/tr>\n
Total Expense Ratio (TER)\u00a0<\/td>0.12%<\/td>\n<\/tr>\n
Beta (5 anos)<\/td>1.00<\/td>\n<\/tr>\n
R\u00e9plica ETF USA<\/td>IEUR<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

Aprecia\u00e7\u00e3o<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

\"\u2705\" Performance<\/span><\/h4>\n
– O IMAE apresenta resultados acumulados positivos em todos os per\u00edodos analisados. Comparativamente ao seu lan\u00e7amento em 2009, cresceu mais de 140% e desde o ano passado regista mais de 35%. Apesar disso algumas empresas integrantes e influentes no seu Top 10, registam resultados negativos comparativamente ao ano passado;<\/h6>\n
 \"\u2705\" Diversifica\u00e7\u00e3o e Baixo custo<\/span><\/h6>\n
– A diversifica\u00e7\u00e3o do IMAE tamb\u00e9m \u00e9 um dos seus pontos fortes. O \u00edndice ao qual segue, o MSCI Europe<\/i>, engloba mais de 430 empresas em 15 pa\u00edses europeus desenvolvidos, apesar de contar com a concorr\u00eancia do \u00edndice Stoxx Europe 600<\/i> que \u00e9 ainda mais diversificado no n\u00famero de holdings. Dentro do \u00edndice MSCI Europe<\/i>, o IMAE tamb\u00e9m apresenta um TER bastante competitivo face aos restantes ETFs na mesma categoria;<\/h6>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t
\n\t\t\t\t

\"\ud83d\udfe5\"<\/span> Expectativas Futuras<\/span><\/h4>\n
– O IMAE bateu muito recentemente o seu m\u00e1ximo hist\u00f3rico, registando os \u20ac 61,09 no dia 19\/04. Muitos analistas consideram o atual mercado bolsista overpriced, o que origina d\u00favidas face ao futuro deste ETF numa poss\u00edvel corre\u00e7\u00e3o ou revers\u00e3o do mercado. Contudo, um dado observado \u00e9 a boa recupera\u00e7\u00e3o face \u00e0s quedas de mercado no percurso hist\u00f3rico deste ETF;<\/span><\/h6>\n

\"\ud83d\udfe5\" Risco Brexit e exposi\u00e7\u00e3o \u00e0 economia Europeia<\/span><\/span><\/h4>\n
– Pode ser um pouco contradit\u00f3rio dada \u00e0 aprecia\u00e7\u00e3o positiva no aspeto da Diversifica\u00e7\u00e3o, mas a total aloca\u00e7\u00e3o no mercado europeu, aumenta o n\u00edvel de risco ao apenas investir neste ativo. Outro risco geogr\u00e1fico \u00e9 a maior aloca\u00e7\u00e3o do IMAE no Reino Unido registando mais de 22%. O impacto do Brexit ainda n\u00e3o \u00e9 totalmente vis\u00edvel seja ao n\u00edvel econ\u00f3mico ou pol\u00edtico-social; <\/span><\/h6>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t

IE00B4K48X80 SMEA EUNK<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

iShares Core MSCI Europe UCITS ETF EUR (Acc) – IMAE DESCRI\u00c7\u00c3O Pela primeira vez vamos analisar um ETF exclusivamente do mercado europeu. O IMAE da iShares foi lan\u00e7ado em 2009 e segue, de forma otimizada, o MSCI Europe Index. Este \u00edndice integra mais de 430 empresas em 15 pa\u00edses desenvolvidos na Europa e afirma cobrir …<\/p>\n

iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":6819,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-6669","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\niShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE - ETFinveste<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/etfinveste.pt\/analise25_imae\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE - ETFinveste\" \/>\n<meta property=\"og:description\" content=\"iShares Core MSCI Europe UCITS ETF EUR (Acc) – IMAE DESCRI\u00c7\u00c3O Pela primeira vez vamos analisar um ETF exclusivamente do mercado europeu. O IMAE da iShares foi lan\u00e7ado em 2009 e segue, de forma otimizada, o MSCI Europe Index. Este \u00edndice integra mais de 430 empresas em 15 pa\u00edses desenvolvidos na Europa e afirma cobrir … iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE Read More »\" \/>\n<meta property=\"og:url\" content=\"https:\/\/etfinveste.pt\/analise25_imae\/\" \/>\n<meta property=\"og:site_name\" content=\"ETFinveste\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ETFinveste\" \/>\n<meta property=\"article:modified_time\" content=\"2021-04-26T18:49:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/04\/imae.png\" \/>\n\t<meta property=\"og:image:width\" content=\"249\" \/>\n\t<meta property=\"og:image:height\" content=\"217\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@ETFinveste\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/etfinveste.pt\/analise25_imae\/\",\"url\":\"https:\/\/etfinveste.pt\/analise25_imae\/\",\"name\":\"iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE - ETFinveste\",\"isPartOf\":{\"@id\":\"https:\/\/etfinveste.pt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/etfinveste.pt\/analise25_imae\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/etfinveste.pt\/analise25_imae\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/04\/imae.png\",\"datePublished\":\"2021-04-26T17:34:06+00:00\",\"dateModified\":\"2021-04-26T18:49:55+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/etfinveste.pt\/analise25_imae\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/etfinveste.pt\/analise25_imae\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/etfinveste.pt\/analise25_imae\/#primaryimage\",\"url\":\"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/04\/imae.png\",\"contentUrl\":\"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/04\/imae.png\",\"width\":249,\"height\":217},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/etfinveste.pt\/analise25_imae\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/etfinveste.pt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/etfinveste.pt\/#website\",\"url\":\"https:\/\/etfinveste.pt\/\",\"name\":\"ETFinveste\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/etfinveste.pt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/etfinveste.pt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/etfinveste.pt\/#organization\",\"name\":\"ETFinveste\",\"url\":\"https:\/\/etfinveste.pt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/etfinveste.pt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/02\/5b783120-b4fb-4def-8cb6-5eabeb8a8f6a_200x200.png\",\"contentUrl\":\"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/02\/5b783120-b4fb-4def-8cb6-5eabeb8a8f6a_200x200.png\",\"width\":200,\"height\":200,\"caption\":\"ETFinveste\"},\"image\":{\"@id\":\"https:\/\/etfinveste.pt\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ETFinveste\",\"https:\/\/x.com\/ETFinveste\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE - ETFinveste","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/etfinveste.pt\/analise25_imae\/","og_locale":"en_US","og_type":"article","og_title":"iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE - ETFinveste","og_description":"iShares Core MSCI Europe UCITS ETF EUR (Acc) – IMAE DESCRI\u00c7\u00c3O Pela primeira vez vamos analisar um ETF exclusivamente do mercado europeu. O IMAE da iShares foi lan\u00e7ado em 2009 e segue, de forma otimizada, o MSCI Europe Index. Este \u00edndice integra mais de 430 empresas em 15 pa\u00edses desenvolvidos na Europa e afirma cobrir … iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE Read More »","og_url":"https:\/\/etfinveste.pt\/analise25_imae\/","og_site_name":"ETFinveste","article_publisher":"https:\/\/www.facebook.com\/ETFinveste","article_modified_time":"2021-04-26T18:49:55+00:00","og_image":[{"width":249,"height":217,"url":"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/04\/imae.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_site":"@ETFinveste","twitter_misc":{"Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/etfinveste.pt\/analise25_imae\/","url":"https:\/\/etfinveste.pt\/analise25_imae\/","name":"iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE - ETFinveste","isPartOf":{"@id":"https:\/\/etfinveste.pt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/etfinveste.pt\/analise25_imae\/#primaryimage"},"image":{"@id":"https:\/\/etfinveste.pt\/analise25_imae\/#primaryimage"},"thumbnailUrl":"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/04\/imae.png","datePublished":"2021-04-26T17:34:06+00:00","dateModified":"2021-04-26T18:49:55+00:00","breadcrumb":{"@id":"https:\/\/etfinveste.pt\/analise25_imae\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/etfinveste.pt\/analise25_imae\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/etfinveste.pt\/analise25_imae\/#primaryimage","url":"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/04\/imae.png","contentUrl":"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/04\/imae.png","width":249,"height":217},{"@type":"BreadcrumbList","@id":"https:\/\/etfinveste.pt\/analise25_imae\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/etfinveste.pt\/"},{"@type":"ListItem","position":2,"name":"iShares Core MSCI Europe UCITS ETF EUR (Acc) \u2013 IMAE"}]},{"@type":"WebSite","@id":"https:\/\/etfinveste.pt\/#website","url":"https:\/\/etfinveste.pt\/","name":"ETFinveste","description":"","publisher":{"@id":"https:\/\/etfinveste.pt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/etfinveste.pt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/etfinveste.pt\/#organization","name":"ETFinveste","url":"https:\/\/etfinveste.pt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/etfinveste.pt\/#\/schema\/logo\/image\/","url":"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/02\/5b783120-b4fb-4def-8cb6-5eabeb8a8f6a_200x200.png","contentUrl":"https:\/\/etfinveste.pt\/wp-content\/uploads\/2021\/02\/5b783120-b4fb-4def-8cb6-5eabeb8a8f6a_200x200.png","width":200,"height":200,"caption":"ETFinveste"},"image":{"@id":"https:\/\/etfinveste.pt\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ETFinveste","https:\/\/x.com\/ETFinveste"]}]}},"_links":{"self":[{"href":"https:\/\/etfinveste.pt\/wp-json\/wp\/v2\/pages\/6669"}],"collection":[{"href":"https:\/\/etfinveste.pt\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/etfinveste.pt\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/etfinveste.pt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/etfinveste.pt\/wp-json\/wp\/v2\/comments?post=6669"}],"version-history":[{"count":128,"href":"https:\/\/etfinveste.pt\/wp-json\/wp\/v2\/pages\/6669\/revisions"}],"predecessor-version":[{"id":6838,"href":"https:\/\/etfinveste.pt\/wp-json\/wp\/v2\/pages\/6669\/revisions\/6838"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/etfinveste.pt\/wp-json\/wp\/v2\/media\/6819"}],"wp:attachment":[{"href":"https:\/\/etfinveste.pt\/wp-json\/wp\/v2\/media?parent=6669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}