Earlier in the week, Indonesia, was upgraded by Morgan Stanley to equalweight from underweight. Stocks there and those tracked by the frontier markets in FM have been noticeably less bad than EEM to start the year. In fact, FM is slightly higher on the year. [Help for Indonesia ETFs]
Three bond ETFs found their way into our top 10 list for the week, led by the PowerShares Senior Loan Portfolio (NYSEArca: BKLN). The appearance of the iShares Emerging Markets High Yield Bond ETF (NYSEArca: EMHY) was not surprising given that fund’s weights to Turkey, Indonesia and Venezuela. The appearance of the db X-Trackers Municipal Infrastructure Revenue Bond Fund (NYSEArca: RVNU) could be a sign investors are looking for new, more tactical ways to approach municipal bonds. [A Lower Risk Muni Bond ETF]
Also in the no surprise column are the SPDR S&P Biotech ETF (NYSEArca: XBI) and the Market Vectors Miners ETF (NYSEArca: GDX). XBI and GDX are two of this year’s top 10 non-leveraged ETFs and have been making regular appearances on our weekly most searched reviews.
Tom Lydon’s clients own shares of EEM.