European markets have largely had a good run this year — with several market watchers looking keenly at the region and saying that it could have a " greater tailwind than the U.S. " Europe's Stoxx 600 dipped in the last few days, but had been climbing since the start of the year. The benchmark is up by 10.8% year-to-date and 16.3% in the past year.
IAG: The company is able to "sustain higher margins" through the ongoing market cycle thanks to its strong market position in "relatively more consolidated markets," Goldman noted. This would translate to better "free-cash-flow generation driving deleveraging and attractive shareholder returns," the bank's analysts added. Shares in IAG have a 1.2% weight in the U.S. Global Jets ETF .
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