India, Emerging Market ETFs Lead 52-Week High Flyers

Below is a list of ETFs hitting (but not necessarily closing at) 52 week highs as of the close on Friday, September 18th. Please note I filtered the screen by requiring the ETFs to have an average volume of at least 50k in order to filter some low volume issues and required they be trading for at least 1 year. There are several ways momentum investors can play a 52 week high, as I've detailed previously on Scott's Investments. In addition, many of the ETFs listed below are foreign ETFs. If the dollar weakness continues, as INO predicts, it will be bullish for many foreign companies and ETFs.

Ticker	Company	Dividend Yield	Performance (Half Year)	Performance (Year)	52-Week High	Price
EPI	WisdomTree India Earnings	0.05%	104.27%	22.20%	-0.87%	20.59
DGS	WisdomTree Emerging Mkts Small Cap Div	3.25%	75.53%	32.13%	0.05%	40.88
EWP	iShares MSCI Spain Index	4.68%	74.12%	15.87%	-0.22%	50.53
XRT	SPDR S&P Retail	1.25%	61.59%	1.78%	0.06%	34.37
EWM	iShares MSCI Malaysia Index	2.72%	53.28%	26.48%	-0.39%	10.27
FBT	First Trust AMEX Biotechnology Index	1.86%	52.90%	20.51%	-0.62%	29.02
HYG	iShares iBoxx $ High Yield Corporate Bd	9.71%	33.61%	9.13%	-0.28%	85.7
PZA	PowerShares Insured National Muni Bond	4.60%	12.06%	12.48%	0.21%	23.98
TFI	SPDR Barclays Capital Municipal Bond	3.71%	7.13%	12.03%	0.13%	23

No Disclosures
Data Source: FINVIZ

Comments

[Mad Hedge F...:]

mcd India has been one of my stellar picks this year, the “I” in BRIC, rocketing 112% from the March lows (click here for my initial report ). Although it appears overheated for the short term, I believe it has much further to run over the long haul. You want to buy countries that have yet to build infrastructure and a middle class, and China has already done that. India’s per capita GDP came in at a sparse $1,016 last year, compared to $6,100 for the Middle Kingdom. China’s economy today is about on the same level that Japan experienced during the late fifties, while India is still in the late twenties, with large parts effectively mired in the 16th century. India’s recent election of a more pro-business government was the trigger for improved growth, which is expected to exceed 6% for the rest of the year. India’s economy is entirely domestic, and is so far outside the world economic system that the global financial crisis was barely felt there. While we were melting down with a minus 6% GDP rate, India continued to bask in a plus 5.8% growth rate. No subprime debt, toxic portfolios, foreclosure crisis, government bailouts, or AIG, GM, or Chrysler. With 1.2 billion consumers, some 70% of GDP there accounted for by consumer spending, so retail figures large in the country’s future. Even Harley Davidson (HOG) has big expansion plans in the world’s largest user of motorcycles. For those of the ETF persuasion, look at Wisdom tree’s earnings based offering (EPI) or the one from PowerShares (PIN). Better start checking your share prices in rupees.

Sep 21 11:48 PM