Nevertheless, investors have been selling Italy’s ETF iShares MSCI Italy Index (NYSEAca: EWI), and over the past three months, EWI has become the second-worst performing Europe ETF. The fate of the ETF is greatly tied to the outcome of Greece’s problems and the weakening euro only exacerbates the situation, says Dion. [Italy ETF: Forecast for Growth, But Danger Lurks.]
For more information on Italy, visit our Italy category.
- iShares MSCI Italy Index (NYSEAca: EWI)
- CurrencyShares Euro Trust (NYSEAca: FXE)
Read the disclaimer, as Tom Lydon is a board member of Rydex|SGI.
Max Chen contributed to this article.