iShares MSCI Poland Capped Investable Market Index Fund (NYSEArca: EPOL)
Local Market YTD: -3%
ETF YTD: EPOL is up 4.5% year-to-date while the rival Market Vectors Poland ETF (NYSEArca: PLND) is higher by 7%.
Comment: Economic growth is slowing Poland, but EPOL and PLND offer advantages that more prominent emerging markets ETFs lack. For example, Poland is home to shrinking deficits and the zloty has been one of the developing world’s best currencies this year.