ETF Trends
04-17-2008, 08:30 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/16/154009119.jpeg (http://etftrends.typepad.com/photos/uncategorized/2008/04/16/154009119.jpeg) Many Asian-country focused exchange traded funds (ETFs) are giving back their 2007 gains. Are the Asian tigers of 2007 going to become the sleeping tigers of 2008?
A standout such as iShares MSCI Singapore (EWS (http://finance.yahoo.com/q?s=EWS)) has given back much of 2007 gains all during the first quarter of 2008, says Gary Gordon for ETFExpert (http://www.etfexpert.com/etf_expert/2008/04/asia-etfs-diver.html).
iShares Xinhua China 25 Index (FXI (http://finance.yahoo.com/q?s=fxi)) finished 35% off its highs last Friday, giving back 50% of its 2008 gains, within 14 days, and Gordon reminds us that a 35% loss requires a 50% gain to get back to your starting gate.
One tiger remains standing, however: The iShares MSCI Taiwan Index (EWT (http://finance.yahoo.com/q?s=ewt)) is still up 14% over the same time period. It's quite a turnaround for the fund. In 2007, it gained only 3.8%. So far this year, it's up 11.5%, leaving other Asian countries in the dust.
If you believe that the Asian markets are merely in a slump and will eventually make a turnaround, Gordon suggests getting a little more diversification across Asia with funds such as iShares S&P Asia 50 Index (AIA (http://finance.yahoo.com/q?s=aia)), which invests in the top 50 companies from the leading tigers: Taiwan, Singapore, South Korea and Hong Kong. Taiwan is the only single Asian country outperforming the fund at the moment, which is down 6.2% year-to-date.
Another diversified fund is the BLDRS Asia 50 ADR Index (ADRA (http://finance.yahoo.com/q?s=adra)), which is down 9.3% year-to-date.
For full disclosure, Tom Lydon's clients own shares of EWS.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/272161942/asia-etfs-tisha.html)
http://www.etftrends.com/images/2008/04/16/154009119.jpeg (http://etftrends.typepad.com/photos/uncategorized/2008/04/16/154009119.jpeg) Many Asian-country focused exchange traded funds (ETFs) are giving back their 2007 gains. Are the Asian tigers of 2007 going to become the sleeping tigers of 2008?
A standout such as iShares MSCI Singapore (EWS (http://finance.yahoo.com/q?s=EWS)) has given back much of 2007 gains all during the first quarter of 2008, says Gary Gordon for ETFExpert (http://www.etfexpert.com/etf_expert/2008/04/asia-etfs-diver.html).
iShares Xinhua China 25 Index (FXI (http://finance.yahoo.com/q?s=fxi)) finished 35% off its highs last Friday, giving back 50% of its 2008 gains, within 14 days, and Gordon reminds us that a 35% loss requires a 50% gain to get back to your starting gate.
One tiger remains standing, however: The iShares MSCI Taiwan Index (EWT (http://finance.yahoo.com/q?s=ewt)) is still up 14% over the same time period. It's quite a turnaround for the fund. In 2007, it gained only 3.8%. So far this year, it's up 11.5%, leaving other Asian countries in the dust.
If you believe that the Asian markets are merely in a slump and will eventually make a turnaround, Gordon suggests getting a little more diversification across Asia with funds such as iShares S&P Asia 50 Index (AIA (http://finance.yahoo.com/q?s=aia)), which invests in the top 50 companies from the leading tigers: Taiwan, Singapore, South Korea and Hong Kong. Taiwan is the only single Asian country outperforming the fund at the moment, which is down 6.2% year-to-date.
Another diversified fund is the BLDRS Asia 50 ADR Index (ADRA (http://finance.yahoo.com/q?s=adra)), which is down 9.3% year-to-date.
For full disclosure, Tom Lydon's clients own shares of EWS.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/272161942/asia-etfs-tisha.html)