International Telecommunication ETF Ringing Off The Hook

Global telecommunication stocks and exchange traded funds (ETFs) have fared well this year. The international-focused ETF iShares S&P Global Telecommunications Fund (IXP) has done superbly compared with some of its domestic counterparts.  IXP is up 25.9% year-to-date, while iShares Dow Jones U.S. Telecom (IYZ) is up 2.5%. IXP invests in stocks from dozens of countries, keeping around 70% of assets foreign, reports Don Dion for Seeking Alpha. Whether IXP will continue its rally is up to its two largest holdings, Vodafone (VOD) and AT&T (T). Together, they make up around 28% of the fund’s assets. Consider that this ETF offers growth, invests in shares of large companies with good cash flows and doesn’t move in step with the U.S. economy.