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Banco Bilbao Vizcaya Argentaria

How To Follow Bill Gates Into Spain (EWP, FEZ, TEF, SAN, BBVA )

News that Microsoft (NASDAQ:MSFT) founder, Bill Gates, is investing in a large Spanish construction company has investors eyeing the country for investment opportunities.The worlds richest man bought a six percent stake in Fomento de Construcciones & Contratas (FCC), worth $155 million. It is not the norm for Gates to invest large portions of his money overseas.The move by Gates is interesting because it is not only in one of the PIIGS countries, but it is also in a sector that has been beaten down during the financial crisis. FCC trades 80 percent below its high set in 2007, so there is plenty of upside is the recovery in the country continues.While most investors will not buy into FCC, there are a few options for U.S. investors to consider if they are inclined to put some money into Spain.iShares MSCI Spain ETF (NYSE:EWP)The ETF is composed of 28 stocks based in Spain with a heavy concentration in the financials. The top holding, Banco Santander (NYSE:SAN) makes up 20 percent of the ...

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