Another ETF to consider for the European bank dividend growth theme is the unheralded SPDR S&P International Financial Sector ETF (NYSEArca: IPF).
IPF is not a pure Europe play as the fund offers significant exposure to Japan, Australia and Canada, among others. However, Switzerland, France, Germany and Spain combine for 22% of the ETF’s weight and IPF offers exposure to five other Eurozone nations.
Santander and French banking giant BNP Paribas are found among IPF’s top-10 holdings.
SPDR S&P International Financial Sector ETF