ETFs To Avoid On European Banking Woes [Global X FTSE Portugal 20 ETF]

PGAL is unpopular in the space with an asset base of $34.8 million and sees moderate trading volumes (see all European Equity ETFs here).

SPDR MSCI Spain Quality Mix ETF (NYSEARCA:QESP)

This recently launched fund tracks the performance of companies domiciled in Spain and aims to represent the performance of a combination of three factors – value, quality and low volatility.  The top two stocks – Banco Santander and Telefonica – dominate the fund with double-digit exposure.

Financials occupies the bulk with more than one-third allocation, followed by Utilities and Industrials. The fund has plunged 4% in the past one week and 6.4% in the past one month. It charges 30 basis points as fees (read: State Street Launches Six International Quality ETFs).

iShares MSCI Italy Index Fund (NYSEARCA:EWI)

The fund provides broad exposure to Italian stocks and manages an asset base of $1.7 billion. The fund trades in good volumes of more than 4 million shares a day and charges 50 basis points as fees.

ENI SPA is the only stock in the fund that has a double-digit allocation. Also, the top 10 stocks occupy more than 50% of total assets, suggesting concentration risk. Furthermore, the Financials and Energy sectors alone form more than 60% of total assets, suggesting concentration risk on that front as well.

EWI has reversed most of its earlier gains, having lost 2% in the past one week and 7% in the past one month.

This article is brought to you courtesy of Zacks.com

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