Investors duly punished Barclays, whose shares fell 6 percent, and Deutsche Bank, whose shares declined 4 percent.
A big reason was Apple, whose shares fell on a disappointing earnings report.
They can then profit from news about companies whose shares are held in the fund.
The news is the latest to jolt Penney, whose shares have fallen sharply in recent days.
It has strict governance rules for companies whose shares trade on its exchange.
Not defence contractors, the most likely beneficiaries, whose shares have wallowed for months.
Bulgarian banking shares climbed sharply yesterday, led by FIB whose shares rose by 24.6%.
That's an impediment to urging, say, Microsoft — whose shares have underperformed Cisco's — into action.
Morgan Stanley, whose shares declined 44 percent in 2011, continues to be a work in progress.
They also regularly badger managers of the firms whose shares they own.
Consider International Paper, whose shares are owned by both iShares and Claymore Beacon.
