Europe Bearish - SpainShorting Spain here at an uptick in a bearish trend. Europe is not looking good in the current economic environment.
Key stats
About iShares Inc iShares MSCI Spain ETF
Expense ratio
0.50%
Home page
Inception date
Mar 12, 1996
EWP is the first ETF that offers plain-vanilla exposure to the Spanish equity market. The concentrated fund is consists of large- and midcap companies, selected and weighted by market cap which resulted in a top-heavy portfolio. The underlying index aims to meet the Regulated Investment Company (RIC) requirements by utilizing a capping methodology so that no individual constituent exceeds 25% of index weight and the aggregate weight of constituents with over 5% weight in the index are capped at 50% weight of the portfolio. Overall, EWP effectively delivers representative, accessible exposure to the Spanish equity market. The index rebalancing occurs on a quarterly basis.
Classification
What's in the fund
Exposure type
Finance
Utilities
Industrial Services
Stock breakdown by region
#IBEX $IBEX Index of Spain,breaking lower parallel of upsloperWeak relative strength compared to other indexes,
and now price breaking down a line that must hold,
not good
EWP: I love going to Spain for holidays but not its equitiesSpain, a beautiful country with beautiful houses and people but not it's equities.
EWP, a Spain index ETF has been tracing out a long term triangle since 2009.
The triangle has appeared to have reached or very near to its apex.
This is where the country's equities will start falling apart and its co
MPP BUY ALERTPLAN: TAKE ONE DOLLAR STAKE AND SELL BACK.
WAIT FOR THE PULLBACK AND BUY AT THE BOUNCE!
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