EU Stocks Hurt by Debt Crisis

The ECB and IMF are coming to the rescue of Greece, but not before Eurozone stocks have suffered significant declines related to the debt crisis.

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The SPDR Euro STOXX 50 ETF (FEZ) is down over 20% since the beginning of April as Greece’s debt crisis has played out and the Euro reached its lowest levels against the dollar in 14 months.  The SPDR S&P 500 (SPY) is up nearly 5% since April 1.

FEZ tracks an index of the 50 largest stocks in the Eurozone.  Top holdings include TotalBanco Santander and Telefonica Sa.

Top countries represented in the FEZ portfolio include France (37%), Germany (28%), Spain (14%) andItaly (10%).

The $127 million fund carries an expense ratio of 0.29% and a dividend yield of 3.97%.

For more investing choices, see the list of International ETFs.