With over 32% of its weight allocated to Brazil, the Guggenheim BRIC ETF (NYSEArca: EEB) features the largest allocation to that country among the BRIC ETFs. However, EEB was still able to post a May gain of 4.7%, which was driven by a better than 36% combined weight to Russia and India. EEB’s 24.8% weight to Russia is the largest among BRIC ETFs. [Calm in Ukraine Ignites Russia ETFs]
Although money poured into EWZ, the Market Vectors Russia ETF (NYSEArca: RSX) and theWisdomTree India Earnings Fund (NYSEArca: EPI) last month, investors were less enthusiastic about multi-country BRIC ETFs. BIK, BKF and EEB lost over $37 million combined in May.
SPDR S&P BRIC 40 ETF
Tom Lydon’s clients own shares of EEB.