Chart Courtesy: J.C. Parets
Indeed, EEM is a diverse ETF to some extent. It is home to almost 830 stocks, but four countries – China, South Korea, Taiwan and Brazil – combine for 55% of the ETF’s geographic weight. Year-to-date, the four largest single-country ETFs tracking those nations are down an average of 5.6%.
The countries that round out EEM’s top-10 country weights are South Africa, India, Russia, Mexico, Malaysia and Indonesia. Of the largest ETFs offering exposure to those nations, only the Market Vectors Indonesia ETF (NYSEArca: IDX) and the iShares MSCI Indonesia ETF (NYSEArca: EIDO) are higher since the start of 2014. [Getting Selective With Emerging Markets]
iShares MSCI Emerging Markets ETF
Tom Lydon’s clients own shares of EEM and SPY