Which ETF Markets Benefitted Most From Last Week's Global Rally?

The shortened trading week brought nice gains for most global stock market indices. U.S. major benchmarks closed sharply higher during 3.5 trading days. Dow Jones was up 9.73%, Nasdaq Composite 10.92% and S&P 500 12.03%. There have not been any fundamental improvements, but the markets were just deeply oversold and bargain hunters started to add new positions.

Recently, I published an ETF performance map on a year to date basis. Numbers were hovering around -50% for European ETFs and -60% for Asian ETFs, except Japan. I think it will be interesting to see which markets benefit from last week's rally the most.

click to enlarge

As seen in the chart, the leader was iShares MSCI Turkey (TUR) with an enormous 40% in five days! Among developed European markets, Sweden (EWD) and Austria (EWO) have dominated at more than 20% up.

In the Asia-Pacific ETF group, major leaders were Australia (EWA) at 24%, South Korea (EWY) at 26% and China (FXI) at 25%.

In Latin America especially, Brazilian shares sent the country's ETFs (EWZ) higher by 31% and also the composed exchange traded fund (ILF) by 25%.

Comments

[Susan:]

Vlada, a comment about data representation: when looking at relative performance in one point in time (a simple numeric vector) it doesn't make sense to present these is alphanumeric order on a very hard to read white text against bright green background. Instead the most logical representation of such data is a simple bar chart representing the magnitude of the percentages visually and clearly, ordered from highest to lowest. Thanks.

2008 Nov 30 03:53 PM

[Pipo:]

www.jimrogers-investme...

Jim Rogers has ben buying China and Taiwan. He thinks they will go up the most when the dust settles

2008 Nov 30 06:16 PM

[Vlada Kynsky:]

To Susan: Thank you Susan for your comment. I just wanted to use great map picture from FinViz. I like their performance maps.

2008 Dec 01 09:05 AM

[RobW25:]

Over 86% of Italy's traded shares are owned at levels significantly above today's S&P MIB close of 19129. Over 47% of shares are owned at levels between 19798 and 20368, indicating that this could mark a resistance level for Italian Stocks.

13.69% Between 18659 & 19228.7
13.91% Between 19228.7 & 19798.3
47.31% Between 19798.3 & 20368
11.35% Between 20368 & 20937.7
13.74% Between 21507.3 & 22077


Italy MOB Index 20 Day Ownership Levels
www.mobindex.com/quote...

2008 Dec 03 09:50 PM