BRIC exchange traded funds (ETFs) showed themselves to be solid in April. Investor interest and enthusiasm for the funds has peaked over the past several years, with outstanding sector-leading performances in 2007.
Richard Widows for The Street researched the BRIC ETFs for the month of April, some of which posted impressive performance numbers.
SPDR S&P China (GXC) was up 17.97% in April, and was the top performer for the month. iShares FTSE/Xinhua China 25 Index (FXI) advanced 17.5% with a net $6 billion in assets.
Brazil fared well with a pair of ETFs: iShares MSCI Brazil Index (EWZ) up 17.3% and HOLDRs TeleBras (TBH) up 14.2% in April.
First Trust ISE Chindia (FNI) was up 16.6%, as a blend of China and India, and Claymore/BNY BRIC (EEB) was up 11.1%. An honorable mention was given to iPath MSCI India Index (INP), as the ETN gives a hard-to-access passage to India. The fund rose 7.1% in April.
There’s still more BRIC exposure to be had, though, both in single-country and broad-based form.
- Market Vectors Russia (RSX), up 3% in April
- SPDR S&P BRIC 40 (BIK), up 9.7% in April
- iShares MSCI BRIC Index (BKF), up 9.8% in April
For full disclosure, Tom Lydon’s clients own shares of INP.
Tags: Asia, Brazil, China, Eastern Europe, Emerging Markets, ETNs, EWZ, FXI, GXC, India, Latin America, Russia, Sector ETFs















