ETF Trends
ETF Trends

Many exchange traded funds that track individual countries have been beaten to a pulp in 2011. Some bargain hunters see cheap valuations in these hard-hit ETFs despite global debt and economic tensions.

Last week, we took a look at some of the most oversold ETFs measured by distance from the 50-day moving averages. [The Contrarian: Oversold ETFs]

According to My Simple Quant, over 90% of single-country ETFs are trading below their 200-day moving averages, indicating bear market territory.

“Only three of these ETFs are even up on the year,” according to the blog. “The market is now (and has been for a few weeks) guilty until proven innocent.”

With most of these funds trading deep in the red, a contrarian investor may see a potential buying opportunity.

It is important to have an investment strategy in place to know when to exit or enter a market. Our investment approach includes using moving averages to reduce portfolio risk and to spot opportunities. [ETF Trend-Following Plan.]

For more information on country ETFs, visit our global ETFs category.

TickerDate/TimeETFClose% Above/Below
200 SMA
YTD Change (%)
TUR8/22/2011Turkey Investable Market Index44.58-40.7-32.67
EWI8/22/2011Italy Index12.89-34.47-21.31
VNM8/22/2011Market Vectors Viam18.18-29.43-30.56
EIS8/22/2011Israel Capped Investable Market43.76-28.65-27.69
EWG8/22/2011Germany Index19.62-28.62-18.05
EWO8/22/2011Austria Investable Market Index17.07-28.41-23.56
EWD8/22/2011Sweden Index24.49-27.35-21.58
RSX8/22/2011Market Vectors Russia Trust Sbi30.47-25.57-19.63
EPOL8/22/2011Poland Investable Market Index27.9-24.7-16.94
EWN8/22/2011Netherlands Investable Market I17.33-23.46-17.83
EWQ8/22/2011France Index20.96-22.97-14.27
EWY8/22/2011South Korea Index50.31-22.23-17.78
EWZ8/22/2011Brazil (Free) Index60.15-22.21-22.29
FXI8/22/2011FTSE China 25 Index35.67-20.68-17.22
EPI8/22/2011Wisdomtree India Earnings19.94-20.15-24.44
EWP8/22/2011Spain Index33.75-18.95-8.14
AFK8/22/2011Market Vectors Africa28.18-16.84-19.9
EWT8/22/2011Taiwan Index12.93-16.01-17.22
ECH8/22/2011Chile Investable Market Index63.46-15.61-20.28
EWK8/22/2011Belgium Ivestable Market Index11.91-15.09-9.29
EIRL8/22/2011Ireland Capped Investable Market18.44-15.04-9.21
SPY8/22/2011SPDR S&P 500112.73-14.12-10.35
EWH8/22/2011Hong Kong Index16.52-13.99-12.68
EWA8/22/2011Australia Index22.36-13.8-12.11
EWU8/22/2011United Kingdom Index15.61-13.19-10.13
EWC8/22/2011Canada Index27.9-13.02-10
MES8/22/2011Market Vectors Gulf Shares19.98-12.35-15.55
EWJ8/22/2011Japan Index9.45-11.42-13.38
EWS8/22/2011Singapore (Free) Index12.31-11.01-11.12
EWW8/22/2011Mexico Investable Market Index54.96-10.56-11.24
EZA8/22/2011South Africa Index63.55-10.04-14.9
EWL8/22/2011Switzerland Index23.26-9.56-7.26
EWM8/22/2011Malaysia (Free) Index14.29-1.85-0.63
EPHE8/22/2011Philippines Investable Market24.250.75-2.73
THD8/22/2011Thailand Investable Market Index65.930.972.04
ENZL8/22/2011New Zealand Investable Market31.152.126.02
EIDO8/22/2011Indonesia Investable Market Index31.244.137.35

Source: My Simple Quant

Max Chen contributed to this article.

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.