Spain ETF: Why the Banks Matter
January 18, 2011 at 14:00 PM EST
In just five short days, the iShares MSCI Spain (NYSEArca: EWP) exchange traded fund (ETF) has surged 13.2%. Is it too soon to believe that it’s a new beginning for the economy? Spain has proved that it can still raise money, getting solid demand for five-year bonds at an auction last week....
