Australia Flooding Sinks Some ETFs, Lifts Others
January 04, 2011 at 15:00 PM EST
Although flooding in Australia has hit the iShares MSCI Australia (NYSEArca: EWA) hard today, the rising waters could be beneficial for other exchange traded funds (ETFs). Flooding in Queensland may not recede for weeks, and there’s more rain in the forecast. The flooding has cut off or...