Diversified Stock Portfolio: 5 Sector ETFs and International ETFs to Buy

2. SPDR Portfolio Europe ETF (NYSE:SPEU)

SPDR Portfolio Europe ETF (NYSE:SPEU) seeks to provide investment results that correspond generally to the total return performance of the STOXX Europe Total Market Index. The ETF offers broad exposure to the Western Europe region. The fund was established on October 15, 2002 and offers a gross expense ratio of 0.09%. SPDR Portfolio Europe ETF (NYSE:SPEU) has 1,810 holdings in its portfolio and a 30-day SEC yield of 2.55%, with a quarterly dividend distribution frequency.

ASML Holding N.V. (NASDAQ:ASML) is a prominent position in SPDR Portfolio Europe ETF (NYSE:SPEU)’s portfolio, representing 2.29% of the total holdings. It is a Netherlands-based company that develops, markets, commercializes, and services advanced semiconductor equipment systems for memory and logic chipmakers. On January 25, ASML Holding N.V. (NASDAQ:ASML) declared a €1.37 per share interim dividend, which is payable on February 15. 

According to Insider Monkey’s third quarter database, 51 hedge funds were bullish on ASML Holding N.V. (NASDAQ:ASML), compared to 47 funds in the last quarter. Ken Fisher’s Fisher Asset Management is the leading position holder in the company, with 4.7 million shares worth nearly $2 billion. 

Here is what Baron Opportunity Fund has to say about ASML Holding N.V. (NASDAQ:ASML) in its Q2 2022 investor letter:

“ASML Holding N.V. designs and manufactures semiconductor production equipment. It specializes in photolithography equipment, where light sources are used to photo-reactively create patterns on wafers that become printed circuits. ASML is the dominant leader across all types of lithography but, most importantly, is the only company selling equipment for extreme ultra-violet (EUV) lithography, the latest generation technology.

Indeed, because of the stalling out of Moore’s Law, advanced lithography of larger and multi-patterned silicon chips has been critical for leading-edge chip manufacturing and continued improvement in semiconductor chip performance over time. The company is well positioned to continue growing above industry rates as it rapidly adds capacity across its entire business to meet rising industry demand, especially from leading-edge customers continuing to invest to stay ahead of their competitors and drive chip performance forward.

Additionally, the introduction of high-NA EUV technology in the middle of the decade will add another leg to the growth opportunity.”