Abrupt Resignations in Coalition Government Upends Italy ETF

Investors are turning away from Italian stocks and related exchange traded funds after Italy’s center-right leader pulled five ministers out of the five-month-old coalition government. The iShares MSCI Italy ETF (NYSEArca: EWI) dipped 0.8% Monday. EWI is up 7.8% year-to-date. Five ministers...