Rydex MSCI EAFE Equal Weight ETF
Singapore Airlines, which has significant representation in the Guggenheim MSCI EAFE Equal Weight ETF (UNKNOWN: EWEF.DL), has acquired a 10% stake in Virgin Australia for $108 million. The Australian airline industry is currently lead by the local carrier Qantas Airways. Virgin Australia, a part of Richard Branson’s Virgin Group, is looking to capture greater market share in the Australian airline industry where it is the second biggest carrier.
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