ETF Country: Spain
ETFs, or exchange-traded funds, are investment vehicles that track a particular index, sector, or asset class. ETFs trade on stock exchanges and can be bought and sold throughout the day like stocks. Spain ETFs provide exposure to the Spanish stock market and can be a useful tool for investors looking to diversify their portfolio.
Spain ETFs typically track the IBEX 35, the country's leading stock index. The IBEX 35 is a market capitalization-weighted index that consists of the 35 largest companies listed on the Madrid Stock Exchange. As of August 2020, the largest companies in the IBEX 35 include CAF (Congosto de Alfa), Iberdrola SA, and Banco Santander SA. ETFs offer investors a convenient way to gain exposure to the Spanish stock market without having to purchase individual shares. ETFs also tend to be more cost-effective than mutual funds due to their lower expense ratios.