Yesterday we pointed out a number of ETFs in the international/emerging markets space, specifically those that deliver bearish (inverse) exposure. [ETF Chart: Emerging Markets]
On the flipside, today we highlight a specialized emerging markets ETF, Emerging Global Shares Dow Jones Emerging Markets Consumer Titans (NYSEArca: ECON).
The ETF owns 30 leading equities as chosen by Dow Jones, that represent the consumer goods and consumer services sectors in the emerging markets.
ECON has impressively outperformed the “benchmark” in emerging markets, iShares MSCI Emerging Markets (NYSEArca: EEM) both year to date and from a “since inception” performance perspective.
Since launching late last summer, ECON has returned 17.53% versus EEM’s 6.96%, and year to date ECON is up 2.39% versus EEM losing 2.89%.
We note that recently ECON surged above its 50-day moving average from a technical standpoint and hit a new high since the inception of the fund ($24.63 a share) before retreating somewhat in sympathy with the equity market sell-off.
Emerging Global Shares Dow Jones Emerging Markets Consumer Titans
Chart source: StockCharts.com.
For more information on Street One ETF research and ETF trade execution/liquidity services, contact pweisbruch@streetonefinancial.com.