Thanks (or no thanks) to SVB and Credit Suisse, my Euro bank & financial stocks took a hit in March. At the end of the month, I have been overtaken by Vanguard World which is leading by a few basis points.
Credit Suisse and Deutsche Bank are the 2 prominent Euro bank stocks that have been hit by this crisis. Despite me holding a fair number of Euro bank and financials (LLOY, SAN, Aviva, ING, Prudential, HSBC), I have never been interested in CS or DB. From a value investing perspective, CS or DB have never been attractive to me.
I still believe in the Euro stocks I am holding and look forward to the sector recovering. I also took the opportunity to add some more LLOY during the dip.
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