Is it Time to Bail on This United Kingdom ETF?

The deadline for a Brexit deal is fast approaching and British Parliament is no closer to securing an agreement. Conservative Prime Minister Theresa May managed to survive a no-confidence vote this week. This came after MPs voted by a significant majority on January 15 against May’s proposed deal with the European Union (E.U.).

The iShares MSCI United Kingdom ETF (NYSE:EWU) has managed to climb 4.5% in 2019 as of close on January 17. However, a failure to reach a deal on Brexit has the potential to plunge the United Kingdom into a political and economic crisis.