The Malaysian exchange traded fund (ETF) is doing well as the Malaysian market and economy show strength.  A positive third quarter GDP growth rate and the fact that rates were left unchanged at 3.5% has helped boost the market, as reported in a press release.  The benchmark Kuala Lumpur Composite Index recently hit a record high, not seen since July 1997, bring a 20% increase year to date.

iShares MSCI Malaysia (EWM) is up 9% for the month and is well above its 200-day moving average.  Top holdings include Malayan Banking, Bumiputra-Commerce Holdings and IOI Corp.

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For full disclosure, some of Tom Lydon’s clients own EWM.

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.