iShares FTSE EPRA/NAREIT Europe Index Fund (IFEU)
IFEU focuses exclusively on companies engaged in real estate ownership and development in Europe. The fund has a tilt towards medium and small cap securities, with 51% going towards mid caps and 22% going towards small cap firms. In terms of individual countries, the U.K. makes up the biggest allocation (34.9%) while France (29.2%) and the Netherlands (7.6%) round out the top three. Due to its focus on smaller more volatile securities in Europe the fund has had a devastating 2010; it is down 23.3% since the beginning of the year and 17.5% over the past month.