BRIC exchange traded funds (ETFs) showed themselves to be solid in April. Investor interest and enthusiasm for the funds has peaked over the past several years, with outstanding sector-leading performances in 2007.
Richard Widows for The Street researched the BRIC ETFs for the month of April, some of which posted impressive performance numbers.
SPDR S&P China (GXC) was up 17.97% in April, and was the top performer for the month. iShares FTSE/Xinhua China 25 Index (FXI) advanced 17.5% with a net $6 billion in assets.
Brazil fared well with a pair of ETFs: iShares MSCI Brazil Index (EWZ) up 17.3% and HOLDRs TeleBras (TBH) up 14.2% in April.
First Trust ISE Chindia (FNI) was up 16.6%, as a blend of China and India, and Claymore/BNY BRIC (EEB) was up 11.1%. An honorable mention was given to iPath MSCI India Index (INP), as the ETN gives a hard-to-access passage to India. The fund rose 7.1% in April.
There’s still more BRIC exposure to be had, though, both in single-country and broad-based form.
- Market Vectors Russia (RSX), up 3% in April
- SPDR S&P BRIC 40 (BIK), up 9.7% in April
- iShares MSCI BRIC Index (BKF), up 9.8% in April
For full disclosure, Tom Lydon’s clients own shares of INP.
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.