However, it cannot be debated that the WisdomTree India Earnings Fund (NYSEArca: EPI) and the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ) are up 23.5% and 19.3%, respectively, over the past 90 days. [Returning to EM ETFs]
Over that same period, last year’s high-fliers have struggled and that includes ETFs with multi-country exposure. The Market Vectors-Gaming ETF (NYSEArca: BJK) is off 1.6% over the past three months while the Global X Social Media Index ETF (NasdaqGM: SOCL) has plunged 18%.
SOCL’s large weights to stocks such as Facebook (NasdaqGS: FB) and LinkedIn (NYSE: LNKD) should not obfuscate the fact that the ETF has substantial emerging markets exposure. For example, China’s Tencent, Sina (NasdaqGS: SINA) and Russia’s Yandex (NasdaqGS: YNDX) combine for almost 22% of SOCL’s weight. China represents over 25% of the ETF’s country weight. [Social Media Slump]
WisdomTree India Earnings Fund
Tom Lydon’s clients own shares of Facebook and Microsoft.