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