Global X FTSE Portugal 20 ETF (NYSEArca: PGAL)
Odds to win: 22/1
ETF YTD: Up 14.6%
Comment: Portugal’s star player, Cristiano Ronaldo, is knicked up heading into the World Cup but looked to be in fine form in tune-up match earlier this week. PGAL has been in fine form for most of this year as $22.8 million of its $26.5 million in assets under management have flowed into the ETF since the start of the year.
“Exports continue to drive economic growth, while private investment and consumption have also started to pick up. Unemployment is expected to decline further, in line with the moderate economic recovery expected in 2014 and 2015,” said the International Monetary Fund in a statement. The IMF also noted increased strength in the Portuguese banking sector, which is important due to PGAL’s 21.2% weight to the financial services sector, according to Global X data.