International ETFs: The Best and Worst Players This Month

While one clearly can't make a trend out of a month, it is interesting to note how country ETFs panned out in January. We will have to wait and see if this pattern persists.

Similar to the "picks and shovel" days of the internet boom, when investors made money in companies selling to dot.com companies, January looks like a month where countries servicing China and Brazil are doing better.

Brazil, a member of the BRIC quartet (Brazil, Russia, India and China) went down, while Spain, which provides telecom, banking and other businesses in Latin America, went up.

China, another BRIC member, went down, while Maylasia, Singapore, Hong Kong and Asia Pacific generally went up.

Best

Maylasia (EWM) +10.60%
Singapore (EWS) + 4.55%
Hong Kong (EWH) + 2.62%
Spain (EWP) + 0.99%
Asia Pacific (VPL) + 0.54%

Worst

China (FXI) -7.04%
Korea (EWY) -4.78%
South Africa (EZA) -2.99%
All Emerging Markets (EEM) -2.35%
Brazil (EWZ) -1.92%

Comments

[john gaats:]

Good observation.

It is hard to understand that FXI decreases by -7.4% when EWH is up. Afterall, the underlyings for both are from HongKong. I wonder how much is difference between our pricing and the NAV.

2007 Jan 31 11:02 AM

[QVM Group:]

John, I don't know the answer to your question, but the arbitrage function with "creation units" is supposed to keep the premium or discount to a minimum, unlike closed-end funds that can and do run to extremes.

2007 Jan 31 11:44 AM

[arun:]

http//stockcrunch.org................

2007 Sep 22 05:07 AM