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Brexit Has Been A Bane For These ETFs

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Thursday's Brexit vote, which will decide Great Britain's fate as a member of he European Union, has been charting the course for global financial markets for several weeks. With recent polling data suggesting Great Britain will opt to remain in the EU, stocks are climbing this week, but that still leaves some exchange traded funds with plenty of work to do.

A Brexit is also widely seen as bad for the pound, and some estimates are bold enough to call for a 20 percent to 30 percent drop for the British currency is Brexit comes to pass, explaining why the CurrencyShares British Pound Trust (NYSE: FXB) has been under pressure at various points this year.

Other ETFs, including some ...

/www.benzinga.com/analyst-ratings/analyst-color/16/06/8138204/brexit-has-been-a-bane-for-these-etfs alt=Brexit Has Been A Bane For These ETFs>Full story available on Benzinga.com

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