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Italy ETF Retreats as Hedge Funds Take Bearish Bets

Italy country-specific exchange traded funds weakened Friday as hedge funds’ bearish bet against Italian bonds reached levels not seen since the financial crisis. On Friday, the iShares MSCI Italy Capped ETF (NYSEArca: EWI) declined 2.7% and Franklin FTSE Italy ETF (NYSEArca: FLIY) decreased...
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