An earthquake in Japan. Fears over another SHIBOR debacle and tighter monetary policy in China. Those were among the factors that pressured international ETFs on Friday.
Fun fact, or not so fun depending on one’s perspective: Eight of the 15 worst-performing non-leveraged ETFs on Friday were either China, Japan or Asia-Pacific plays. Only three of those 15 were NOT international funds.
Here are the gory details courtesy of WallachBeth Capital.