IYG has had a breath-taking 10-month rally from November 2012 to the peak earlier this month. The same could be said for the three largest holdings, as illustrated in the one-year chart below. WFC data by YCharts
There could be a major windfall for Fortune 500 companies.
The British bank is being sued by the Department of Justice after declining to settle, but CEO Jes Staley is confident of an amicable resolution.