EEB, the Guggenheim BRIC ETF, is inexpensive as well. The fund had a P/E of just 10.4 and a price-to-book ratio of 1.2 at the end of the second quarter, according to issuer data.
Like its BRIC ETF rivals, EEB is relatively light on Indian stocks, but the fund is comparatively heavy on Russian equities with a 25.3% weight to the “R” in BRIC. Deep discounts on state-run oil companies have propped up EEB this year as the ETF allocates over 53% of its combined weight to energy and oil and gas names.
SPDR S&P BRIC 40 ETF
Tom Lydon’s clients own shares of EEM.