ETF Trends
ETF Trends

France dodged a bullet this week when Standard & Poor’s kept its triple-A rating on the country’s debt, but the exchange traded fund remains under pressure on the Eurozone crisis.

The iShares MSCI France (NYSEArca: EWQ) was down nearly 2% on Friday to cap a tough week.  The ETF is down over 20% the past month. [France ETF Tumbles with Banks]

“The rating for France is a stable AAA and that has been the case since 1975. We are confident on that rating,” said S&P Chief Carole Sirou, reports International Business Times.

European stock ETFs have traded lower despite some countries banning short selling.  [European ETFs Recover on Talk of Short-Sale Ban]

A recent meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy did little to calm nerves as no real steps were announced to address the credit storm. [Euro Currency ETFs Fall]

Other European single-country ETFs lost ground Friday. [Italy, Spain ETFs Back in Debt Vise]

Exchange traded funds that invest in Europe suffered heavy losses Thursday as the region’s debt crisis spiraled further. Renewed worries over the global economy added to the selling. [European ETFs Hurt by Banks]

iShares MSCI France

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.