ETF Spotlight on iShares MSCI Europe Financial Sector Index Fund (NYSEArca: EUFN), part of an ongoing series.
Assets: $7.3 million. EUFN is a small ETF but an interesting barometer of the credit crisis in Europe that is shaking bank stocks.
Objective: The iShares MSCI Europe Financial Sector Index Fund tries to reflect the performance of the MSCI Europe Financials Index, which is a market capitalization weighted index that tracks the financials sector of developed market economies in Europe and includes securities of banks, diversified financial companies, insurance companies and real estate companies.
Holdings: Top holdings include: HSBC Holdings 10.96%, Banco Santander 6.07%, BNP Paribas 4.61%, UBS AG 4.13% and Allianz SE 3.95%.