Banco Santander (NYSE: SAN), EUFN’s second-largest holding at a weight of 5.3%, is expected to be a significant contributor of European dividend growth over the next year. French and Swiss banks are also expected to be prodigious dividend raisers. Those two countries combine for nearly 24% of EUFN’s weight. [Bank of European Bank Dividends]

Among the risks facing EUFN and its 103 holdings is the expectation that following J.P. Morgan Chase (NYSE: JPM) recent $13 billion settlement with U.S. regulators, that some major European banks will continue setting aside large amounts of cash for potential legal woes.

In addition to fines, regulators in Switzerland, Britain, Sweden and elsewhere are ratcheting up capital requirements to avert a replay of the financial crisis, Reuters reported.

Those countries combine for over 51% of EUFN’s weight.

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