There are still pockets of weakness among the PIIGS (Portugal, Ireland, Italy, Greece and Spain), the countries previously and some still known as Europe's problem children, but investors should not outright shun opportunity with the PIIGS.
These Little PIIGS Went To Market
Entering Tuesday, just two of the five PIIGS' single-country exchange-traded funds – the iShares MSCI Irld Cp Invstb Mrkt Indx Fd (NYSE: EIRL) and the iShares MSCI Italy Index (ETF) (NYSE: EWI) – were higher on a year-to-date basis.
Not surprisingly, the worst performer of the quintet has been the Global X FTSE Greece 20 ETF (Global X Funds (NYSE: GREK)), which among other issues, has recently dealt with another market classification demotion and another national election.
Although it is down more than 10 percent year-to-date, the iShares MSCI Spain Capped ETF (NYSE: EWP) is seen as one of the strongest individual PIIGS' ETFs alongside ...
/www.benzinga.com/trading-ideas/long-ideas/15/09/5857050/playing-with-piigs-etfs-that-is alt=Playing With PIIGS...ETFs That Is>Full story available on Benzinga.com
More...