After a drop of 15-35% from mid-May to mid-June, exchange traded funds specialized in Europe, Latin America and Asia are back to where they were before the sell-off and close to reaching new highs. The 6-month chart below shows how iShares MSCI Japan (EWJ), iShares MSCI Mexico (EWW), iShares FTSE/Xinhua China 25 Index (FXI) and iShares EMU Europe (EZU) have come back. Each of these ETFs are trading above their 200-day moving average.
For full disclosure some of our clients currently own EWW, FXI and EZU.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.