Spain, Austria ETFs Trading Like Leveraged Funds
The outliers in a given day’s exchange-traded fund returns are usually three-times leveraged trackers of gold or a leveraged inverse S&P 500. Today, even as U.S. markets are off their lows, the Spain and Austria ETFs are near the bottom. The iShares MSCI Spain Index Fund (EWP) and the iShares Austria Investable Market Index Fund [...]
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