iShares MSCI Italy Index Fund ( EWI) -2.2%

Although fears regarding Europe's sovereign debt woes managed to stay under control during the first trading day of 2012, concerns appear to have resurfaced. Troubled nations like Italy and Spain are leading the way lower. EWI is taking a particularly heavy hit as investors focus on the troubles facing banking giant UniCredit, EWI's fourth largest holding, accounting for 5% of its total assets.

All prices as of 2:13 PM EST

Written by Don Dion in Williamstown, Mass.


At the time of publication, Dion Money Management owned iShares Gold Trust.

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