Some small-cap single-country ETFs have impressed as well. Since the start of March, the iShares MSCI Canada ETF (NYSEArca: EWC) has returned a stout 5.2%, but that lags the 7.7% returned by the IndexIQ Canada Small Cap ETF (NYSEArca: CNDA) over the same time. CNDA now resides at its highest levels since late 2012.
India small-cap ETFs have been soaring for most of this year with the Market Vectors India Small-Cap Index ETF (NYSEArca: SCIF), EGShares India Small Cap Fund (NYSEArca: SCIN) and the iShares MSCI India Small-Cap ETF (BATS: SMIN) posting an average year-to-date gain north of 19%.
The strengthening rupee has benefited most India ETFs, but has proven particularly important to the aforementioned small-cap funds because of the domestic tilts featured in those products. [Small-Caps Lead India ETFs Higher]
IndexIQ Canada Small Cap ETF
Tom Lydon’s clients own shares of IWM.