Europe Financial ETF Just Can’t Catch a Break
This article was originally published on ETFTrends.com.
European banks and financial sector-related ETFs have been underperforming as a slew of negative factors keeps pressure on the beleaguered market segment. Year-to-date, the iShares MSCI Europe Financials ETF (NYSEArca: EUFN), which provides a targeted play on European financial companies, rose 7.5%. Meanwhile, the broader Vanguard FTSE Europe ETF (NYSEArca: VGK) and iShares MSCI EMU [...]