March 03, 2006 at 7:13 am by Tom Lydon
Investors Business Daily recently launched a section dedicated to ETFs. We helped Murray Coleman with today’s story on iShares MSCI Austria.
"Most of the top 10 performers in exchange traded funds during the past 12 months are losing steam with institutional investors.
An exception is iShares MSCI Austria (EWO).
Tom Lydon, president of Global Trends Investments of Newport Beach, Calif., is also advising his clients to use Austria as a play on Eastern Europe.
"There are a few closed-end funds to invest directly in Eastern Europe," he said. "But in open-end funds and ETFs, the iShares product is the only choice right now."
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