Thursday's ETF Winners & Losers
Bundled securities tracking overseas markets suffered some of the steepest declines of Thursday's session, after French bank BNP Paribas said it has suspended three of its funds that have exposure to U.S. credit markets due to the inability to accurately value the hedge funds.
Worries about the possible spread of subprime problems were punishing European bourses. Paris' CAC 40 was losing 2.1%, Germany's Xetra Dax was down 1.8%, and London's FTSE 100 was falling 1.7%.
The iShares MSCI Belgium Index (EWK) was lower by 96 cents, or 3.7%, to $25.63. The iShares MSCI Netherlands Index (EWN) was falling 99 cents, or 3.2%, to $29.64. The Vanguard Emerging Markets Stock (VWO) ETF was losing $3.33, or 3.5%, to $92.07.
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