QESP is also heavily exposed to the financial services sector with a weight of 33.5% to that group. The factor-based Spain ETF also offers some leverage to the recovering Spanish consumer with over 10% of its weight going to consumer sectors. [Quality Approach to Country ETFs]

“S&P said the potential for a fragmented environment following the ballot could lead to slippages in fiscal and structural reforms that could put Spain’s medium-term deficit and growth targets at risk. The vote will pit Prime Minister Mariano Rajoy against an array of left-wing rivals with polls showing no party winning a majority in parliament,” according to Bloomberg.

iShares MSCI Spain Capped ETF

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