November 13, 2013 at 17:56 PM EST
Global X Puts Portugal On ETF Map, Completes PIIGS Pen
The debut of the Global X FTSE Portugal 20 ETF (PGAL) offers U.S investors complete access to the PIIGS. The economically troubled clique of eurozone countries -- Portugal, Ireland, Italy, Greece and Spain -- is at the heart of the European debt crisis. Niche foreign ETF provider Global X Funds rolled out Wednesday the first ETF that offers exposure to the country's $245 billion economy. PGAL tracks the FTSE Portugal 20 Index, a basket of the 20
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