There’s always a trend somewhere. Eastern Europe exchange traded funds (ETFs) are one area in particular that are enjoying a resurgence.
Russia is often the first country to spring to mind when you think about the region. Frank Talk on US Global Investors reports that countries such as Poland, the Czech Republic and Turkey are the ones that have really outperformed.
A couple cases in point: year-to-date, iShares MSCI Turkey (NYSEArca: TUR) is up 42.9% and Market Vectors Poland (NYSEArca: EPOL) is up 12.7%. Russia hasn’t been slacking, either: Market Vectors Russia (NYSEArca: RSX) is up 7.8% this year. [Recession Dogs Developed, Emerging Europe ETFs.]
Domestic consumption and fixed investment are expected to contribute half to the region’s GDP this year and nearly all of it next year.