iShares MSCI Chile Index Fund (ECH)

All Comments on ECH

  • commenter
    aceemily
    Apr 29 09:03 AM
    Investing in Non-U.S. Stock Markets [view article]
    How about GAF and VTOPF? The author should be aware of all entry mechanisms if for no other reason than to refute their validity. Reply
  • commenter
    Aly-Khan
    Satchu
    Apr 29 02:48 AM
    My Website
    Investing in Non-U.S. Stock Markets [view article]
    Dear Richard,

    Thanks for the compliment. It made my morning.

    I came home three years ago, having been in London for many years. What has really struck me in Kenya is the scale of the domestic shareholder base. It is widely expected to be 2m at the end of our current and biggest IPO Safaricom. This is an extraordinary outcome and actually a phenomenon. Today, Nigeria has 6 banks in the top 100 in the world. I really expect the African landscape to be something completely different in a very short space of time. Extraordinary things are happening and its all being compressed into a very few years.

    Ex South Africa, I feel SSA is the last frontier. It was a previously very fragmented Continent with small pocket sized markets. The Mobile phone was the catalyst that triggered the aggregation of these small units into scale.

    Lot of folk talk of Commodities etc but the next sharp trigger is coming from the Continent being plugged in to the global superhighway.

    There might very well be a great arbitrage in identifying those markets that are set to get into these various new indices.



    Take care
    Aly-Khan Satchu
    rich.co.ke     Reply
  • commenter
    Mr. T
    Apr 28 09:58 PM
    Investing in Non-U.S. Stock Markets [view article]
    Hello Mr. Shaw

    I have been following your recommendation of TRAMX and it seems its growing at a reasonable click ($1 since your last piece) my question is why is this fund focused heavily in the financial sector and industrial materials sector and not much else, could this be a future problem for the fund if the financials are in a situation similar to the one US is experiencing. Also do you think there will be more funds launching for the middle east area?

    Thanks

    P.S. Sorry if I was rude in my last post to your "Leaving in the Dust" article     Reply
  • commenter
    Richard Shaw
    Apr 28 11:48 AM
    My Website
    Investing in Non-U.S. Stock Markets [view article]
    Football Geek,

    Yes, Canada is important.

    Not only is it energy rich, but the energy reserves and energy production and distribution are not subject to the geopolitical risks of so much of the oil in the rest of the world, which is subject to nationalization, effective nationalization by huge increases in royalties, war, sabotage, terrorism, political manipulation of supply, and in worst cases end user need to defend maritime transport of oil.

    Canada was about 3% of world market cap as of mid-2007.     Reply
  • commenter
    Richard Shaw
    Apr 28 11:37 AM
    My Website
    Investing in Non-U.S. Stock Markets [view article]
    Aly-Khan Satchu:

    Good question.

    I used the term "tradable" and perhaps should have used the word "investable"... which is the term used by MSCI in constructing their indices.

    Your home country of Kenya is included in the MSCI "investable" frontier markets index (and South Africa is in the emerging category), but most of the non-Gulf region Africa countries are not. MSCI has criteria which they broadly describe this way:

    "The MSCI Frontier Markets Indices are designed to track the performance of a range of equity markets that are now more accessible to global investors. The MSCI Frontier Markets Indices Methodology follows similar principles to the methodology of the MSCI Global Investable Market Indices (GIMI), but takes into account the specific market capitalization structure and liquidity constraints that characterize these markets."

    A good place to start looking at how MSCI defines investable is on their December 2007 release about their Frontier Indices found at:

    mscibarra.com/products...

    We are not making any determination as to investablity in this article, but are following the lead of MSCI in stating what is and is not investable. Their determination is similar to, but not exactly the same as, that of Standard and Poor's.

    I chose the word "tradable" versus "investable" partially to avoid confusion between direct investment opportunities which cannot be "traded" (such as a company building a factory or setting up a distribution system) and buying and selling stocks or bonds on a exchange with certain characteristics which is the "investability&qu... idea MSCI is referencing.

    By the way, you have a handsome website.

    Thanks for commenting

    Richard     Reply
  • commenter
    Richard Shaw
    Apr 28 11:12 AM
    My Website
    Investing in Non-U.S. Stock Markets [view article]
    John from Osaka,

    Thank you for the complement and also for the note of our proofing error. It has been corrected on my blog and SA will be making an image substitution shortly.

    Richard     Reply
  • commenter
    Aly-Khan
    Satchu
    Apr 28 10:27 AM
    My Website
    Investing in Non-U.S. Stock Markets [view article]
    Dear Richard,

    What is your definition of tradeable stock markets in relation to Africa and particularly in SSA?

    There is a whole lot going on which appears not to be captured by your map?

    Aly-Khan Satchu
    rich.co.ke



     Reply
  • commenter
    ikkyu
    Apr 28 09:45 AM
    Investing in Non-U.S. Stock Markets [view article]
    Greetings. I always enjoy your posts.

    The world map appears to have an incorrect key. It seems the emerging and developed non-U.S. markets are switched.

    Cheers from Osaka,
    john     Reply
  • commenter
    Football
    Geek
    Apr 28 08:57 AM
    Investing in Non-U.S. Stock Markets [view article]
    Interesting note to this is that Canada is close to the US, but their
    economy is different in many ways. Canada has the second most oil
    reserves in the world, jobless rate is at a twenty five year low, currently enjoys a government surplus, exports more goods than it
    imports, stable government in power, and has a skilled workforce.
    Has some great companies like POT, RIM, MFC, TD, CN, etc.
    Because we are so close to the US, sometimes we are forgotten.
    With the price of oil looking to stay high, and the demand to continue Canada could do very well in the next decade
    Reply
  • commenter
    d_teller
    Apr 07 08:51 PM
    Survey of 6 Country ETFs By Sector Weight [view article]
    When it comes to rebalancing, say because EWZ has appreciated vs a U.S. fund, you can easily lose the sector balsnce that you had originally ... and it can get really complicated.

    The applicable sectors are well illustrated, above, but the BIR assignments of many foreign companies are totally BIZARRE!. In some cases, it may be better, with "new money" to adjust the sector weight in a particular portfolio, by purchasing individual securities that you have researched (ADR's, come to mind) which are in the currently "underwighted sectors", rather than more of the ETF.     Reply
  • commenter
    SeekingAlpha
    Editors
    Apr 06 05:23 AM
    My Website
    General Discussion on ECH
    Is this a buy or a sell? Reply
  • commenter
    David
    Jackson
    Mar 30 04:27 PM
    My Website
    Single Country Emerging Markets ETFs, ETNs and Closed-End Funds [view article]
    Update: We just added three new Barclay's ETFs to this list: for Israel, Turkey and Thailand. Reply
  • commenter
    UncleLongHai
    r
    Mar 25 01:16 PM
    Shorting Chilean ETF: Energy Crisis 'Confirmed' [view article]
    Brookfield Asset Management (BAM) recently spun off a partnership named Brookfield Infrastructure Partners (BIP) which in turn owns Transelec, the private electricity distribution company that distributes electricity to 99% of the Chilean population. This is one of the primary two assets they were seeded with when spun off.

    Transelec's revenues are indexed to inflation (which in Chile was 4.4% in 2007), and they also get a 9-10% unlevered return on invested capital for improvements. Given the dire state of the electricial infrastructure, such cap ex are in the works. BIP expects to spend around $30-40M per year over the next 5 years as part of a multi-billion dollar cap ex program.

    This might be an interesting way to play this same phenomenon.     Reply
  • commenter
    Kunst
    Mar 23 03:21 PM
    Single-Country ETFs: Year-to-Date Winners [view article]
    Single-country ultra-shorts, year to date (3/20/08):
    EWV: Japan: up 15%
    EEV: Emerging markets: up 23%
    EFU: Europe: up 26%
    FXP: China: up 42%

    In the last month, these range from +3% to +17%;
    in the last week, +3% to +12%.

    Don't swim against the tide.     Reply
  • commenter
    Indexor
    Mar 20 11:36 AM
    Single-Country ETFs: Year-to-Date Winners [view article]
    kkin365 - Mr. Gordon meant EWC not EWX. X and C are next to each other on the keyboard. It was simply mis-keyed. Reply
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