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Best/Worst Daily ETF Returns: EWI, EWP Bomb
2/5/2013 9:44:00 AM
Concerns about Italian and Spanish sovereign debt loads-and eurozone economic stability- took center stage yesterday in financial markets, putting two iShares funds focused on equities in the southern European countries at the top of IndexUniverse's worst-performing ETF list.
The iShares MSCI Italy Index Fund (NYSEArca:EWI) and the iShares MSCI Spain Index Fund (NYSEArca:EWP) fell 5.27 percent and 5.20 percent, respectively. Funds focused on France and Germany also populated the bottom dwellers' list- a clear indication that the concern about Italy and Spain was enough to affect asset prices in the two countries at the very core of the eurozone.
The Dow Jones industrial average dropped 129.71 points, or 0.93 percent, to close at 13,880.08.
The lower market helped pull total U.S.-listed ETF assets down to $1.424 trillion, according to data compiled by IndexUniverse.
Disclaimer:All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.
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