BLDRS Emerging Markets 50 ADR Index (ADRE)

All Comments on ADRE

  • commenter
    User 199792
    Sep 02 12:54 PM
    Three 'ex-ETF' Ideas [view article]
    Short the Korea ETF's Reply
  • commenter
    User 227599
    Sep 02 10:08 AM
    Three 'ex-ETF' Ideas [view article]
    How about some lazy portfolios of ETFs - with 30% or 40% debt/60-70%equity?..or... of funds -using ETFs Reply
  • commenter
    WeeklyTA
    Sep 02 03:47 AM
    My Website
    Three 'ex-ETF' Ideas [view article]
    Why don't you go start them? Reply
  • commenter
    rpalmerio
    Aug 28 11:58 AM
    The Emerging Markets Cell Phone Index [view article]
    I completely agree, but where\how can you track cell phone growth by country? Reply
  • commenter
    John Egan
    Aug 21 06:21 PM
    Emerging Markets: Ready to Rebound? [view article]
    Mr. Greenstein... I think being a contrarian is fine if there is a solid reason behind the contrarian thinking. If you had said 'everything returns to its mean', or 'it'll be a pendulum', I'd at least accept your explanation. I do have to say that your explanation here doesn't make much sense to me. If it is true that:

    - Decoupling is a myth
    - That American equities are beginning to pick up and foreign equities are dropping
    - That foreign markets and economies have been suckling at the teat of the American consumer

    I just don't see how foreign countries are going to have the income to support their workers. Your argument that the workers in these countries are going to benefit from cheaper food and oil reminds me of Carly Fiorina's exhoratation that sending jobs overseas is good for the American consumer because merchandise will cost less. A recent TV expose showed a bewildered unemployed factory worker trying to explain the benefit of buying at Walmart while she was running out of unemployment insurance.

    Just doesn't jive to me.... jegan ;-)     Reply
  • commenter
    Schumia
    Aug 13 07:23 PM
    Emerging Market Infrastructure: 'The' Issue from Morgan Stanley's Head Researchers [view article]
    Hi Jonathan,

    Thanks for a good article and summary on the Morgan Stanley. However, as I have since done a bit of research that it's difficult to find any ETF that really tracks the "Infrastructure&q... as an investment emphasis. I did find a Macquarie Global Infrastructure 100 for which Richard Kang wrote here at SA titled "New Infrastructure ETF From SSGA: A Closer Look."

    But this ETF looks like has very little exposure to the "emerging market" as Morgan Stanley's report suggets will be the next activity hub.

    Does anyone have any suggestions as to which ETF may be a good choice in Infrastructure, and particularly, have a larger exposure to BRIC countries?

    Jeff     Reply
  • commenter
    Geoff
    Considine
    Aug 03 01:40 PM
    My Website
    Do Emerging Market ETFs Really Help You Diversify? [view article]
    I get a correlation of 0.75 between EEM (emerging markets) and IVV (S&P500) over the past three years using monthly total return data. This is not a low correlation. I find it a bit odd that so many people are talking about how decoupling was wrong only now--after we have seen some major declines in emerging markets. The evidence for strongly coupled returns between foreign markets and the S&P500 has been around for a long time. See for example this article from Jan 06:

    seekingalpha.com/artic...



    Reply
  • commenter
    Indexor
    Aug 03 01:28 PM
    Do Emerging Market ETFs Really Help You Diversify? [view article]
    (Note: During a raging bull, as long as you've got stocks, you're making money. It hardly matters that all of your stocks overlap because you're experiencing gains. Yet in a bear, low-correlating/non-co... correlating assets buffer the adverse effect of stock depreciation. And that's the real reason we "diversify."...

    Note: During a raging Bear, as long as you've got stocks, you're losing money. It hardly matters that all of your stocks have low correlation values because they can't buffer the adverse effect of stock depreciation. And that's the real reason we sell all stocks.

    The iPath Dow Jones-AIG Commodity Total Return ETF (DJP) is not a stock fund. Neither is the SPDR Lehman International Treasury Bond ETF (BWX). That is why diversifying among different ASSET CLASSES as opposed to diversifying among different STOCKS can provide profits. Your continual pitch for the WisdomTree Emerging Market High Yield ETF (DEM), with inaccurate yield assumptions, is disturbing as it is still a STOCK fund and has lost money in this Bear market.

    The only place for STOCK allocations (outside of the safety of cash) if you must be fully invested at all times is inverse stock funds, which take the opposite side of the trade for the specific sub-asset class you wish to own. As an example, rather than the WisdomTree Emerging Market High Yield ETF (DEM) which has lost money, compare that ETF to the ProShares Short MSCI Emerging Markets ETF (EUM), which does not apply leverage. Which would you have rather owned?

    Disclosure: Writer has previously owned DJP and currently owns BWX.



    Reply
  • commenter
    REG CROWDER
    Aug 03 12:55 PM
    My Website
    Do Emerging Market ETFs Really Help You Diversify? [view article]
    HOWEVER, A RECENT "IMF WORKING PAPER" CONCLUDES THAT SIGNIFICANT DECOUPLING (DIVERGENCE) TOOK PLACE BETWEEN 1985 AND 2005.

    I get into this decoupling versus convergence thing in my Google Knol entitled, "International Investing." If you're curious, this is the URL:

    knol.google.com/k/reg-...

    The article includes a link that will allow you to download the entire IMF working paper as a PDF file at no charge.

    This is the precise information you will need to make sure you get the correct document: IMF Working Paper No. WP/08/143, "Global Business Cycles: Convergence or Decoupling?" June 2008. Prepared by M. Ayhan Kose, Christopher Otrok and Eswar S. Prasad. Authorized for distribution by Stijn Claessens.

    Here is a brief portion of the abstract:

    "Our main result is that, during the period of globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies and among the group of emerging market economies. Surprisingly, there has been a concomitant decline in the relative importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups of countries but divergence (or decoupling) between them."

    I suspect the sudden explosion of interest in "frontier" funds represents an effort to gain exposure to that decoupling.

    REG CROWDER
    Freelance Financial and Investment Writer

    knol.google.com/k/reg-...

    www.journalistdirector...

    www.RegCrowder.com


     Reply
  • commenter
    Dubbs
    Aug 01 02:45 PM
    Fortune's Global Top 500: Increasingly Outside of the U.S. [view article]
    I also agree with Mr. Korea's comments. In addition, I believe this article is extremely well written and is the furthest thing from shallow and pedantic. I would love to see more publications by this author! Reply
  • commenter
    Dubbs
    Aug 01 02:43 PM
    Fortune's Global Top 500: Increasingly Outside of the U.S. [view article]
    Yeahhhhh Reply
  • commenter
    User 208488
    Aug 01 11:45 AM
    My Website
    Emerging Market Infrastructure: 'The' Issue from Morgan Stanley's Head Researchers [view article]
    User,

    Thanks for the compliment! I fully agree with that statement. Clearly, the major movements in the developing world/emerging markets is BRIC, China, India, however there are other areas which are going to be going through very similar expansion - most of which are listed in that article. This is not to say that there won't be shocks (sometimes serious shocks) with this expansion, but I agree with Morgan Stanley that this will significantly shape the form of capital movement over the next decade.     Reply
  • commenter
    Jmar11
    Aug 01 11:33 AM
    Emerging Market Infrastructure: 'The' Issue from Morgan Stanley's Head Researchers [view article]
    Nice article... I think you're right to point out the issues with the numbers. Have you thought about the emerging markets (..frontiers) coming after BRIC? What do you you think of Kazakhstan?
    There's an article that lists Mexico, Korea, Bangladesh, Egypt, Indonesia, Iran, Nigeria, Pakistan, the Philippines, Turkey and Vietnam as the next big countries for investors: www.greenfaucet.com/th...
    Wonder if the list is reliable?     Reply
  • commenter
    mdmrjsds
    Jul 22 06:28 PM
    Emerging Markets Infrastructure Is Booming [view article]
    I haven't got a problem with most of your article, but this piece seems unlikely.

    You say that by 2010 the emerging world will have more GDP than the developed world.

    Rough numbers:

    US 15 Trillion
    EU 17 trillion
    JA 7 trillion
    AU, CA, NZ, etc 3 trillion

    World economy 60 trillion

    You are saying that in two years the developing world will produce 20 trillion dollars more of GDP. How?

    China 3-4 trillion, hard to say because of communism
    India 1-2 trillion

    All others smaller.

    Do you have a link or paper reference? What statistics are you referring to?     Reply
  • commenter
    Arun N
    Jul 21 01:20 PM
    Emerging Markets Infrastructure Is Booming [view article]
    Investing directly in infrastructure emerging market plays are also difficult. They are usually highly leveraged and are subject to swings in prices. You could consider L&T (Larsen & Toubro), ABB, Aban Offshore, IDFC (Infra Dev Fin Corp), Concor (Container Corp) and other in the Indian market. Reply
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