The IShares MSCI Italy Index Fund was up 2.2 percent on Tuesday, Index Universe reports. The rise came after news that a Chinese sovereign wealth fund may help Italy manage its debt.
The IShares Italy ETF has dropped by more than a third in the past six months. The ETF climbed 25 cents, or 2.2 percent, ending the day at $11.60 a share. The fund’s top three holdings are Eni, at 18.17 percent, Enel Societa Per Azioni with 13.11 percent and UniCredit at about 8.5 percent.
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