Banco Santander Could Shake Up Spain ETF
January 09, 2015 at 09:30 AM EST
The Spain-specific exchange traded fund could see more pain before turning around as the country’s largest bank raises capital to hedge against any turns and cuts dividends to shareholders. The iShares MSCI Spain Capped ETF (NYSEArca: EWP) has declined 10.9% over the past year. Banco...