Portugal ETF Dodges Problem as Investment Grade Classification Stays
October 24, 2016 at 10:45 AM EDT
Single-country exchange traded funds tracking the PIIGS economies are struggling this year and the Global X FTSE Portugal 20 ETF (NYSEArca: PGAL) is not immune to that trend. However, PGAL, the lone ETF dedicated to Portuguese stocks, skirted a potential problem last week. “Ratings agency DBRS has...