Italy ETF has its own Brexit Issues

In 2015, reforms to Italy’s banking sector were seen as a potential driver of improved equity market performance. Specifically, the reforms would turn these types of banks into possible takeover targets almost instantly.

Related: Help for the Italy ETF

Italian banks’ bad loan problem has “beome more pressing during years of economic stagnation. A highly fragmented and inefficient industry doesn’t help — Italy has more than 600 banks, supporting 52 bank branches for every 100,000 adults. Germany has 14 bank branches per 100,000 adults, and the United States 38,” according to CNN Money.

For more information on the Brexit fallout, visit our Brexit category.

iShares MSCI Italy Capped ETF