As the conversation take place, Europe ETFs are seemingly resisting any big moves. Funds like iShares SP& Europe 350 (NYSEArca: IEV) and WisdomTree Europe High-Yielding Equity (NYSEArca: DEW) are up less than 1% in the last two days.
Zhu Min, the former deputy governor of the People’s Bank of China and a special adviser to the International Monetary Fund, believes that “this year, we’ll have a three-speed” recovery as the U.S. pulls ahead of the European Union at an estimated 3% growth rate and the the emerging markets taking the lead at more than 7%. [Growth and Value Come to Emerging Market ETFs.]
If that proves to be the case, some of the best-performing U.S. only ETFs in the three months include:
- PowerShares Dynamic S&P SmallCap Energy (NYSEArca: XLES), up 30.3%
- SPDR S&P Semiconductor (NYSEArca: XSD), up 26.5%
- PowerShares S&P Dynamic Energy (NYSEArca: PXE), up 25.4%
- iShares Dow Jones U.S. Oil & Gas Exploration & Production (NYSEArca: IEZ), up 24.1%
This performance illustrates that you can not only play domestic economic growth, but you can use ETFs to get exposure to the hottest sectors in that economy. If the United States does become one of the developed-market leaders in economic growth, these and other U.S. ETFs could see even better days ahead.
For more information on global economies, visit our global ETFs category.
Max Chen contributed to this article.