Ever wonder if there are exchange traded funds (ETFs) for exotic locales such as Kuwait or Kathmandu?
Carl Delfeld for ETFfolio did the research and found data on overseas stock markets from Portfolio magazine. The numbers make one wonder where the ETFs for some of these markets are.
The Kuwait Stock Exchange is up 486% over the last five years. It has a $106 billion market cap and 190 listed companies. The Nairobi Stock Exchange has a $10.7 billion market cap, 58 listed companies and is up 400% in the same period.
Compare that with the Dow, which is up 50%, and the FTSE 100, up 42%, in the same time span.
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.