In China, 2007 may be the Year of the Pig, but in the United States, it’s proving to the the Year of the Emerging Market for exchange traded funds (ETFs). Eight or nine of the 10 best-performing ETFs and exchange traded notes (ETNs) covering emerging markets, writes Heather Bell at Index Universe.
The best performer of all for the first 10 months of this year, far and away, is the iShares FTSE/Xinhua China 25 (FXI). At the end of October, it was up a mind-blowing 91.7%. The other China ETF has performed beautifully this year, as well: the PowerShares Golden Dragon Halter USX China Portfolio (PGJ) was up 86.6%. SPDR S&P China (GXC) launched this year.
The ETFs that cover the BRICs were other hot performers:
- Claymore/BNY BRIC ETF (EEB), up 82.5%
- iShares MSCI Brazil ETF (EWZ), up 82.1%
- iPath MSCI India ETN (INP), up 63.4%
At the bottom of the top 10 was the iShares MSCI South Korea (EWY), up 48.6% — not too shabby.
For full disclosure, some of Tom Lydon’s clients own EWZ.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. 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.