Germany, Italy ETFs Lose a Third of Their Value on Debt Woes

Exchange traded funds tracking European equities have been thumped by the credit crisis with portfolios indexed to Italy and Germany leading the declines among single-country funds. The iShares MSCI Germany (NYSEArca: EWG) and iShares MSCI Italy (NYSEArca: EWI) are down 31.9% 34.7% for the three...