While it’s true we promote many promising international exchange traded funds (ETFs), we want to take a minute to recognize some of our own country’s outstanding ETFs.
- Internet Architecture HOLDRs (IAH) – up 45% over the past year
- Vanguard Telecom Services ETF (VOX) – up 38%
- iShares Dow Jones U.S. Aerospace and Defense (ITA) – up 37%
- iShares Dow Jones U.S. Telecom (IYZ) – up 37%
- SPDRs (SPY) – up 22%
- Diamonds Trust (DIA) – up 24%
Sometimes we get so carried away with exciting foreign investment opportunities that we forget to reflect on the factors that make America’s markets so prosperous. For example, America accounts for about 23% of the world GDP, and from 2003-2006, the U.S. GDP was larger than twice what China has generated in its entire history, according to Carl Delfeld of ETF XRAY. California’s GDP is double India’s. America has the deepest, most liquid capital markets. The NYSE-listed companies have a combined value of $15 trillion, which is three times that of Japan, its closest rival. Of the current Fortune 500 companies, 75% of them were nonexistent in 1980. This shows America’s dynamic and prosperous business opportunities among industrialized nations. All this and so much more makes us "proud to be an American."
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.