Wednesday’s ETF To Watch: iShares MSCI United Kingdom Index Fund (EWU)
May 25, 2011 at 04:00 AM EDT
As the situation in the euro zone continues to deteriorate, several other weak economies have managed to slide under the radar despite low growth and high deficits in their markets as well. One of the biggest economies that falls into this category is the United Kingdom, which thanks to its refusal to adopt the euro years ago, has managed to avoid being lumped in with the PIIGS despite having a horrendous economic situation. In fact, despite enacting austerity measures earlier in the year, public borrowing rose to just under 10 billion pounds for the month of April, a 1.75 billion pound increase from the year ago period. This marks the worst April deficit ever for the nation and is likely to call into question the government’s ability to reign in spending and get the deficit back under control, while still growing the economy as well. Due to this rapidly worsening economic situation in [...] Click here to read the original article on ETFdb.com. Related Posts: Wednesday’s ETF To Watch: British Equity ETF (EWU) Three ETFs To Watch This Week: RTH, EWU, IAH Wednesday’s ETF To Watch: United Kingdom ETF (EWU) Non-Euro Europe ETF Options Five ETFs To Watch Ahead Of Obama’s Oval Office Address