The IShares MSCI-Europe Financial Index Fund fell 3.91 percent on September 12, Index Universe reports. The fund, which had $4.5 million in assets as of September 9, dropped 59 cents to $14.50 a share on Monday. The IShares exchange-traded fund (ETF) has nearly 32 percent and 13 percent holdings in the U.K. and Switzerland, respectively. It has almost 11.65 percent of its portfolio in France, 11.45 in Germany, nearly 10 percent in Spain and 6.1 percent in Italy. The top three holdings of the ETF are U.K.’s HSBC Holdings, Spain’s Banco Santander and France’s BNP Paribas.
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