A number of hedge funds that made millions from the implosion of America's subprime market are betting on a similarly dramatic collapse of the euro.
Europe is beginning to look attractive again following sharp falls in the euro and the region's stock markets, according to Sarasin's Mark Whitehead.
Several European ETF issuers will be able to launch ETFs on the S&P 500 index as of 17 May, when Standard and Poor's exclusive arrangement with iShares ends.