Italian banks have been under pressure to sell assets to support their troubled balance sheets.
The iShares MSCI Italy Capped ETF includes a hefty 28.9% tilt toward the financials sector, including a 10.2% position in Intesa Sanpaolo.
Moreover, the broader iShares MSCI Europe Financials ETF (NYSEArca: EUFN), which the financials sector in the European region and a 4.7% weight toward Italy, was up 1.6% Tuesday.
For more information on Italy, visit our Italy category.
iShares MSCI Italy Capped ETF