Moreover, some believe France and Italy have more room to expand while the recovery has more or less been priced into other Eurozone economies, such as Spain, which has been largely underperforming this year.

The iShares MSCI Spain Capped ETF (NYSEArca: EWP), the largest Spain-specific ETF, was down 0.5% year-to-date. Investors can also take a look at the recently launched iShares Currency Hedged MSCI Spain ETF (NYSEArca: HEWP), which covers the same holdings as EWP but also uses currency forwards to mitigate euro currency risks.

iShares MSCI Italy Capped ETF

For more information on the Eurozone, visit our Europe category.

Max Chen contributed to this article.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.