It will be especially interesting to monitor where big money hedge funds and institutional managers are positioned relative to EM (i.e. over or under-allocated) via the quarter end March 13F filings, which will slowly surface to the investment public by Mid May at the latest.
With many specialized segments of the greater EM space trading at year to date lows, we would not be surprised to see greater than normal activity in these smaller and likely lesser-known EM based ETFs (which have been the worst performers YTD in the EM arena), SCIF (Market Vectors India Small Cap, Expense Ratio 0.85%), SCIN (EGShares India Small Cap, Expense Ratio 0.85%), SMIN (iShares MSCI India Small Cap, Expense Ratio 0.74%).
The common theme here is clear, small cap India based equity funds, which have taken an absolute drubbing lately on heavier than average volume. Managers that are not allocated to the space are almost forced to at least take a look here, even if it’s from a longer term point of view and not from a trading standpoint.
Market Vectors India Small Cap
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