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I am an independent investor writing at Scott's Investments (http://www.scottsinvestments.com). My site is dedicated to discussing and publicly tracking historically successful investments strategies and sharing free investment resources. I emphasize empirical, historical, and quantitative... More
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  • Top International ETFs for January 0 comments
    Jan 4, 2011 10:49 PM | about stocks: ECH, EEM, EFA, EPU, EWP, EWT, EZA, IDX, PGJ, THD, TUR
    Each month I update a momentum based ranking system of individual country ETFs.  Historical studies have shown that momentum based strategies have performed well over time; thus, each month I put a variety of these strategies to the test on Scott's Investments. Below is a table ranking a diverse list of individual country ETFs  based on the average of their 3, 6, and 12 month returns. Each column represents returns for various timeframes and the percent each ETF is above (or below) the 200 day moving averages as of December's close.  This list is tracked monthly on the right hand side of my blog Scott's Investments.  Earlier this summer I made some additional additions so please take a moment to review the new ETFs.  Starting this month PGJ and PJO were removed due to redundancy with other, higher volume ETFs on the list.


    To see last months list click here Last month's top 5 were EPU (Peru), THD (Thailand), ECH (Chile), TUR (Turkey) and IDX (Indonesia).   Last month the top 5 returned 1.07%  while benchmarks EFA and EEM returned 5.22% and 3.80%. 

    The top 5 based on the average of the 3-6-12 month returns for this month are below.  This month's top five based on momentum are EPU, THD, EZA (South Africa), ECH, and EWT (Taiwan), so there are two new additions with EZA and EWT replacing ECH and IDX. This month there was only one ETF on the entire list below the 200 day moving average, EWP (Spain). 
     
    One potential strategy investors could use would be to purchase the top ETFs based on the sum of their returns over 3, 6, and 12 months. Or, one could purchase ETFs based solely on 6 month returns (a strategy featured on ETF Screen). An additional twist would be to only purchase the top performing ETFs if they are also above the 200 day moving average or to use more in-depth and active trading strategies like the one I detailed here and here.  Many of the strategies detailed here were inspired by Mebane Faber's The Ivy Portfolio: How to Invest Like the Top Endowments and Avoid Bear Markets


    The data source for the information below is Finviz, which has some of the best free financial data on the web (as well as a new elite service).


    No position disclosures
     
     
     




    TickerCompanyInt'l PortfoliosPerform-ance (Quarter)Half YearYearAverage Return200-Day SMA
    EPUiShares MSCI All Peru Capped IndexHere16.55%54.10%57.18%42.61%30.03%
    THDiShares MSCI Thailand Invest Mkt IndexHere3.76%39.70%53.36%32.27%20.15%
    EZAiShares MSCI South Africa IndexHere12.32%43.01%36.35%30.56%22.12%
    ECHiShares MSCI Chile Investable Mkt IdxHere6.75%38.63%45.28%30.22%21.30%
    EWTiShares MSCI Taiwan IndexHere16.83%41.10%22.80%26.91%23.21%
    EWYiShares MSCI South Korea IndexHere12.73%38.69%28.82%26.75%19.89%
    GXGGlobal X/InterBolsa FTSE Colombia 20 ETFHere-1.98%26.96%51.73%25.57%12.36%
    EWDiShares MSCI Sweden IndexHere7.80%35.78%32.89%25.49%17.06%
    EWWiShares MSCI Mexico Investable Mkt IdxHere15.41%30.80%27.30%24.50%16.40%
    RSXMarket Vectors Russia ETFHere14.57%35.44%22.13%24.05%16.47%
    EWMiShares MSCI Malaysia IndexHere5.58%26.92%37.74%23.41%15.07%
    EWOiShares MSCI Austria Investable Mkt IdxHere11.37%43.23%14.63%23.08%18.14%
    BRFMarket Vectors Brazil Small-Cap ETFHere7.03%37.53%24.47%23.01%20.35%
    IDXMarket Vectors Indonesia Index ETFHere0.18%23.46%41.81%21.82%12.19%
    EWAiShares MSCI Australia IndexHere8.72%37.44%14.23%20.13%14.16%
    EISiShares MSCI Israel Cap Invest Mkt IndexHere11.27%34.91%13.06%19.75%14.40%
    EWCiShares MSCI Canada IndexHere10.60%27.31%19.00%18.97%12.73%
    EWHiShares MSCI Hong Kong IndexHere4.24%28.36%24.15%18.92%13.42%
    EWSiShares MSCI Singapore IndexHere5.64%23.99%23.33%17.65%13.56%
    EWLiShares MSCI Switzerland IndexHere9.62%25.27%12.67%15.85%12.56%
    HAOGuggenheim China Small CapHere0.23%27.32%15.88%14.48%9.13%
    EWUiShares MSCI United Kingdom IndexHere5.53%28.48%8.29%14.10%10.42%
    EWJiShares MSCI Japan IndexHere10.87%18.46%12.82%14.05%9.82%
    EWGiShares MSCI Germany IndexHere7.79%26.80%6.68%13.76%11.23%
    TURiShares MSCI Turkey Invest Mkt IndexHere-4.77%22.16%23.46%13.62%5.32%
    EWZiShares MSCI Brazil IndexHere2.26%25.08%7.07%11.47%11.51%
    PINPowerShares IndiaHere-1.85%15.70%16.29%10.05%9.80%
    EWNiShares MSCI Netherlands Invstbl Mkt IdxHere3.28%21.70%3.38%9.45%8.00%
    EWKiShares MSCI Belgium Investable Mkt IdxHere-1.20%20.13%3.63%7.52%5.16%
    GXCSPDR S&P ChinaHere-0.46%14.75%7.55%7.28%4.58%
    EWQiShares MSCI France IndexHere2.00%24.11%-4.72%7.13%6.23%
    FXIiShares FTSE China 25 Index FundHere0.37%10.86%3.53%4.92%3.37%
    EWIiShares MSCI Italy IndexHere-2.73%16.09%-15.52%-0.72%1.12%
    EWPiShares MSCI Spain IndexHere-7.36%13.54%-21.19%-5.00%-2.20%



    Free Stock Trade. Trade stocks for free on Zecco.com. The Free Trading Community. www.zecco.com 

    Follow me on Twitter!
     
    Stocks: ECH, EEM, EFA, EPU, EWP, EWT, EZA, IDX, PGJ, THD, TUR
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