The iShares MSCI Spain Capped ETF (NYSE: EWP), the largest exchange-traded fund tracking stocks in the eurozone's fourth-largest economy is off 2.9 percent year-to-date. That does not sound too shabby, but it lags the year-to-date showings by the Vanguard FTSE Europe ETF (NYSE: VGK) and the iShares MSCI EMU Index (ETF) (NYSE: EZU) by a decent margin.
Spanish Stocks Lag Thanks To Political Instability
Political instability is a big reason why Spanish stocks and EWP are lagging broader European benchmarks and diversified Europe ETFs. Political uncertainty, a problem that can plague stocks in any developed or emerging market, is seen as derailing Spain's long, tenuous economic recovery.
EWP's struggles and those of Spanish stocks could be signs that interested investors should approach the largest Spain ETF and its rivals with caution. Late last year, as stocks ...
/www.benzinga.com/news/16/05/7941899/politics-prove-problematic-for-the-spain-etf alt=Politics Prove Problematic For The Spain ETF>Full story available on Benzinga.com
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