Brexit Still Hangs Over U.K. ETFs
April 20, 2017 - 8:18am
Considering all the controversy surrounding Great Britain's departure from the European Union, British stocks have been decent performers. Over the past year, the iShares MSCI United Kingdom ETF (NYSE: EWU), the largest U.K. exchange-traded fund trading in the United States, is higher by 4.8 percent.
Early Election Impact
Still, U.K. stocks did not react well to news out earlier this week that British Prime Minister Theresa May surprisingly called for early elections in June. Those headlines sent the FTSE 100, the benchmark gauge of U.K. equities, tumbling by 2.5 percent.
“UK-related ETFs listed here in the U.S. reflected the lower prices, but the decline was mitigated to about 1 percent for major funds like the iShares MSCI United Kingdom ETF, thanks to ...Full story available on Benzinga.com
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