The weakness in Espirito Santo is dragging Europe’s banking sector index down 3.5% this week. The iShares MSCI Europe Financials ETF (NasdaqGM: EUFN) has declined 3.0% over the past week. [Europe Bank ETF has its Own Problems]
The Global X FTSE Portugal 20 ETF includes a 3.5% stake in Banco Espirito Santo, along with a 20.0% weight toward the financial sector.
Global X FTSE Portugal 20 ETF
For more information on Portugal, visit our Portugal category.