“We now expect the economy to grow faster—6.9 percent in 2013, 6.3 percent in 2014 and 7.0 percent in 2015, mainly boosted by investment growth,” said Standard Chartered in an e-mail message to GMA News Online. Those are significant upward revisions to the bank’s previous GDP growth forecasts of 5.8% this year, 6.3% next year and 5.5% in 2015, according to GMA News.

What that says is EPHE, previously as ETF that responded well to positive news, is no longer responding in that fashion and that is not a bullish sign.

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ETF Trends editorial team contributed to this post.