The political impact on the French exchange traded fund (ETF) could be affected by today’s presidential election. The two favored candidates are Nicolas Sarkozy, main center-right, and Segolene Royal, the Socialist. Both candidates take approaches that are on different sides of the market spectrum, says Carl Delfeld of ETFXRAY.com. The victory of Mr.Sarkozy could begin a market rally whereas Ms.Royal may lead to market uncertainty. iShares MSCI France (EWQ) is up 8.5% this year, despite France’s slow growth, high tax and high unemployment rate. Ten of the 50 largest companies in Europe are headquartered in France, but they rely on the global economy, not France, for profits.
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