Thursday’s ETF To Watch: iShares MSCI United Kingdom Index Fund (EWU)

Over the last few months, debt issues in Continental Europe have rocked the euro zone. Many nations are facing high budget deficits and yields on government debt in these countries is approaching double digits, leading many to think that default is right around the corner. Several nations and supranational organizations have stepped up to prevent this from happening, pledging hundreds of billions in aid to nations such as Greece in order to stop a contagion situation from happening throughout the euro zone. However, many are growing increasingly concerned over the situation in the UK as well. Inflation is running high and austerity measures have, so far, failed to help bring budget deficits back under control. As a result, Moody’s recently warned that the country’s AAA credit rating could soon be at risk, although the company still maintains a ‘stable’ outlook for now. “Although the weaker economic growth prospects in 2011 and 2012 do not directly cast [...] Click here to read the original article on ETFdb.com. Related Posts: Wednesday’s ETF To Watch: iShares MSCI United Kingdom Index Fund (EWU) 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