S&P highlights ETFs with significant exposure to European banks

Many banks in Germany, France and the UK having significant exposure to Greece and other troubled European economies. Analysis by Standard & Poor's ETF analyst, Ken Leon, highlights ETFs with significant European bank stock holdings. According to the report, the largest ETF with exposure to Europe, as reported on June 23, 2011, is iShares MSCI EAFE Index Fund. As a percentage of total holdings, EFA's exposure to the financial sector is 22.65%, and to the diversified banks sub-industry 12.04%, which is where there is direct exposure to the Greek crisis. This ETF is made up of 952 holdings...