Country ETFs Flat or Modestly Down While Spain Flounders
01/12/2011 0 comments
Last week, indices around the globe showed declining trend scores with only a few countries showing a positive trend increase.
South Korea (EWY) remained at the top spot, albeit seeing its trend score lowered last week. The fundamentals of the South Korean economy continue to look strong. The trend was lowered mainly due to investor appetite for profit-taking.
Malaysia (EWM) jumped from sixth place to claim the second spot last week. Unlike most of its high growth ASEAN counterparts, the Malaysian equity market did not go up as much in 2010. The country’s initiatives to reform its banking sector and massive spending plan on infrastructure projects bodes well for a positive economic outlook this year.
Renewed concerns about European sovereign debt continued to drive Spain (EWP), Italy (EWI), and France (EWQ) lower. Uncertainties over potential sovereign defaults will likely to send more turbulence to the markets in the eurozone.
We will see if the volatilities will spill over to outside the eurozone -- this data can regularly be reviewed at the 360 Degree Market View.
|
Assets Class |
Symbols |
01/07 Trend Score |
12/31 Trend Score |
Direction |
|
South Korea |
14.68% |
18.02% |
v |
|
|
Malaysia |
14.1% |
13.99% |
^ |
|
|
Mexico |
12.99% |
14.94% |
v |
|
|
Hong Kong |
12.67% |
9.86% |
^ |
|
|
Russia |
12.13% |
15.42% |
v |
|
|
South Africa |
9.64% |
18.0% |
v |
|
|
Taiwan |
9.18% |
16.58% |
v |
|
|
Singapore |
7.83% |
10.08% |
v |
|
|
Canada |
7.59% |
11.28% |
v |
|
|
Japan |
6.93% |
8.76% |
v |
|
|
Austria |
5.66% |
15.63% |
v |
|
|
United Kingdom |
4.54% |
8.25% |
v |
|
|
Switzerland |
4.06% |
10.66% |
v |
|
|
Germany |
3.44% |
7.92% |
v |
|
|
Australia |
2.36% |
10.79% |
v |
|
|
India |
1.96% |
9.83% |
v |
|
|
China |
1.32% |
2.11% |
v |
|
|
Brazil |
1.27% |
5.39% |
v |
|
|
The Netherlands |
-1.31% |
6.79% |
v |
|
|
Belgium |
-2.03% |
4.05% |
v |
|
|
France |
-2.12% |
4.06% |
v |
|
|
Italy |
-5.43% |
-0.82% |
v |
|
|
Spain |
-14.88% |
-5.58% |
v |
click to enlarge images
labels:investment,
Symbols:AGG,BND,CIU,CSJ,DBA,DBC,EEM,EFA,EWA,EWC,EWG,EWH,EWI,EWJ,EWK,EWL,EWM,EWN,EWO,EWP,EWQ,EWS,EWT,EWU,EWW,EWY,EWZ,EZA,FXI,GSG,HYG,ICF,IEF,INP,IWM,IYR,JNK,LQD,MBB,MDY,MUB,PHB,QQQQ,RSX,SHV,SHY,SPY,TLT,USO,VEU,VNQ,VWO,
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