The Spain ETF has lost over a third of its value the past year.
“We’re back in full crisis mode,” Rabobank strategist Lyn Graham-Taylor said in a Reuters report. “It is looking more and more likely that Spain is going to have some form of a bailout.”
Some investors are calling for the European Central Bank to continue its bond-buying program to throw a lifeline to Spain, according to the Financial Times.
iShares MSCI Spain Index Fund