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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
     
     
     




    Ticker Company Int'l Portfolios Perform-ance (Quarter) Half Year Year Average Return 200-Day SMA
    EPU iShares MSCI All Peru Capped Index Here 16.55% 54.10% 57.18% 42.61% 30.03%
    THD iShares MSCI Thailand Invest Mkt Index Here 3.76% 39.70% 53.36% 32.27% 20.15%
    EZA iShares MSCI South Africa Index Here 12.32% 43.01% 36.35% 30.56% 22.12%
    ECH iShares MSCI Chile Investable Mkt Idx Here 6.75% 38.63% 45.28% 30.22% 21.30%
    EWT iShares MSCI Taiwan Index Here 16.83% 41.10% 22.80% 26.91% 23.21%
    EWY iShares MSCI South Korea Index Here 12.73% 38.69% 28.82% 26.75% 19.89%
    GXG Global X/InterBolsa FTSE Colombia 20 ETF Here -1.98% 26.96% 51.73% 25.57% 12.36%
    EWD iShares MSCI Sweden Index Here 7.80% 35.78% 32.89% 25.49% 17.06%
    EWW iShares MSCI Mexico Investable Mkt Idx Here 15.41% 30.80% 27.30% 24.50% 16.40%
    RSX Market Vectors Russia ETF Here 14.57% 35.44% 22.13% 24.05% 16.47%
    EWM iShares MSCI Malaysia Index Here 5.58% 26.92% 37.74% 23.41% 15.07%
    EWO iShares MSCI Austria Investable Mkt Idx Here 11.37% 43.23% 14.63% 23.08% 18.14%
    BRF Market Vectors Brazil Small-Cap ETF Here 7.03% 37.53% 24.47% 23.01% 20.35%
    IDX Market Vectors Indonesia Index ETF Here 0.18% 23.46% 41.81% 21.82% 12.19%
    EWA iShares MSCI Australia Index Here 8.72% 37.44% 14.23% 20.13% 14.16%
    EIS iShares MSCI Israel Cap Invest Mkt Index Here 11.27% 34.91% 13.06% 19.75% 14.40%
    EWC iShares MSCI Canada Index Here 10.60% 27.31% 19.00% 18.97% 12.73%
    EWH iShares MSCI Hong Kong Index Here 4.24% 28.36% 24.15% 18.92% 13.42%
    EWS iShares MSCI Singapore Index Here 5.64% 23.99% 23.33% 17.65% 13.56%
    EWL iShares MSCI Switzerland Index Here 9.62% 25.27% 12.67% 15.85% 12.56%
    HAO Guggenheim China Small Cap Here 0.23% 27.32% 15.88% 14.48% 9.13%
    EWU iShares MSCI United Kingdom Index Here 5.53% 28.48% 8.29% 14.10% 10.42%
    EWJ iShares MSCI Japan Index Here 10.87% 18.46% 12.82% 14.05% 9.82%
    EWG iShares MSCI Germany Index Here 7.79% 26.80% 6.68% 13.76% 11.23%
    TUR iShares MSCI Turkey Invest Mkt Index Here -4.77% 22.16% 23.46% 13.62% 5.32%
    EWZ iShares MSCI Brazil Index Here 2.26% 25.08% 7.07% 11.47% 11.51%
    PIN PowerShares India Here -1.85% 15.70% 16.29% 10.05% 9.80%
    EWN iShares MSCI Netherlands Invstbl Mkt Idx Here 3.28% 21.70% 3.38% 9.45% 8.00%
    EWK iShares MSCI Belgium Investable Mkt Idx Here -1.20% 20.13% 3.63% 7.52% 5.16%
    GXC SPDR S&P China Here -0.46% 14.75% 7.55% 7.28% 4.58%
    EWQ iShares MSCI France Index Here 2.00% 24.11% -4.72% 7.13% 6.23%
    FXI iShares FTSE China 25 Index Fund Here 0.37% 10.86% 3.53% 4.92% 3.37%
    EWI iShares MSCI Italy Index Here -2.73% 16.09% -15.52% -0.72% 1.12%
    EWP iShares MSCI Spain Index Here -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 

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    Stocks: ECH, EEM, EFA, EPU, EWP, EWT, EZA, IDX, PGJ, THD, TUR
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