iShares MSCI S. Korea (NYSEARCA:EWY) led all advancers among Asia region iShares country ETFs for a third consecutive week. However, many ETFs traded to the downside as investors took profits and stocks struggled against rising bond yields.
iShares Malaysia (NYSEARCA:EWM), the year-to-date return leader, lost 2.7% to fall just below +30% for the year at +29.6%.
iShares S&P 500 (NYSEARCA:IVV) lost 1.9% and is now up 6.5% for the year. As I have mentioned often in '07, the S&P 500 continues to outpace all of Northeast Asia except South Korea, which gained 1.1% last week and is now up over 20% year-to-date at +21.3%.
The India iPath ETN (NYSEARCA:INP) declined most last week, -4.2%, but remains above 10% for the year at +11.7%.
See the chart below for last week's results. There are two sets of returns for each ETF: the past week [light blue] and year-to-date [purple].
The bars for the iShares S&P 500 index (IVV) are colored differently for comparative purposes.
Click to enlarge chart
Disclosure: The author does not own shares of any funds mentioned in this article.
In late trading Monday in Asia, most benchmarks were trading higher, led by Shanghai and Singapore, both up 1.2%. The Seoul Composite was down 0.6%.
Here is a list of the relevant ETFs and their tickers.
iShares Australia (NYSEARCA:EWA)
iShares FTSE/Xinhua China 25 (NYSEARCA:FXI)
iShares Hong Kong (NYSEARCA:EWH)
iPath ETN MSCI India (INP)
iShares Japan (NYSEARCA:EWJ)
iShares Malaysia (EWM)
iShares Singapore (NYSEARCA:EWS)
iShares S. Korea (EWY)
iShares Taiwan (NYSEARCA:EWT)
iShares EAFE (NYSEARCA:EFA)
iShares Pacific ex-Japan (NYSEARCA:EPP)
iShares S&P 500 (IVV)