Unsettling news from the eurozone and the $2 billion trading loss at J.P. Morgan has put a damper on the profitability of big banks and funds with exposure to them. The good news is this weakness hasn’t affected all of the financial sectors, and a few ETPs are worth considering, according to an article on Zacks.
These financials-based products are great exposure to the sector while avoiding damage from big banks:
- PowerShares S&P SmallCap Financials Portfolio (NYSEArca: PSCF)
- UBS Etracs Wells Fargo Business Development Company ETN (NYSEArca: BDCS)
- First Trust Nasdaq ABA Community Bank Index (NYSEArca: QABA)
For the full breakdown on the funds listed, visit Zacks.com.