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Middle East ETFs

Stock Market Rally: You May Be Right, I May Be Crazy

By | Asia ETFs, Bond ETFs, China ETFs, Commodity ETFs, Consumer ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Frontier Market ETFs, Global ETFs, International ETFs, Large Cap ETFs, Latin America ETFs, Mid Cap ETFs, Middle East ETFs, Small Cap ETFs, Special Sectors ETFs, Technology ETFs, US Markets and ETFs | No Comments

According to Jay Powell, Chairman of the Federal Reserve, the U.S. economy is performing well. It is difficult to take the assessment seriously. After all, as recently as mid-December, the Fed intended to raise interest rates three to four times in 2019. By January, central bank committee members wiped away the possibility of any rate hikes during the year. And now? The Fed is preparing the world for rate cuts as soon as July. “We will act as needed including promptly if that’s…

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Emerging Markets Versus U.S. Small Caps: Which Provides Better Reward For The Risk?

By | Asia ETFs, China ETFs, Consumer ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Frontier Market ETFs, Large Cap ETFs, Latin America ETFs, Middle East ETFs, Small Cap ETFs, US Markets and ETFs | No Comments

Downward revisions to economic growth going forward have little to do with the weather in the first few months of the year. Yet economists are already concluding that gross domestic product (GDP) in the second, third and fourth quarters will be lower than originally anticipated. Similarly, the National Retail Federation (NRF) is blaming the so-called “trajectory” of 12 months of sales on the extreme weather patterns in January and February. This is giving the organization cover for less rosy sales…

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Does Diversifying ETFs Across the Asset Classes Cause Portfolio Abuse?

By | Bond ETFs, Commodity ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Frontier Market ETFs, International ETFs, Latin America ETFs, Middle East ETFs, Real Estate ETFs, Small Cap ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

Several days ago, one of my clients referred a friend to Pacific Park Financial, Inc. The elderly gentlemen came to my office with a familiar dilemma. Specifically, he struggled to see the value of holding different asset classes in his portfolio. His investments had appreciated nicely over the years. What’s more, he was proud of the fact that a 65% allocation to income assets had helped offset the severe setback that growth assets experienced in the 2008-2009 financial collapse. Nevertheless,…

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Frontier Market ETFs Or Emerging Market ETFs?

By | Asia ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Frontier Market ETFs, International ETFs, Middle East ETFs, US Markets and ETFs | No Comments

Daisy Maxey is a talented financial columnist for WSJ.com. Ms. Maxey also follows me on Twitter. Not surprisingly, then, I may be slightly hesitant to question the timing of her recent feature, “Frontier Market Funds Offer Promise, Risk.” By the percentages, Ms Maxey cites data that is supposed to represent opportunity in the least developed countries and regions. Yet the risk-adjusted returns over a 10-year rolling period are lower for frontier markets than for other investment areas. Even if one…

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Emerging Market Stock ETFs: Too Much Risk For Too Little Reward?

By | Asia ETFs, China ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Latin America ETFs, Middle East ETFs, US Markets and ETFs | No Comments

Wayne Lin manages money at Baltimore-based Legg Mason Inc. In a phone interview with the folks at Bloomberg, he explained that many investors have been surprised by the significant under-performance of emerging market equities in the global “risk-on” rally. How anemic have the upside gains for emergers been?  Since the October lows of 2011, Vanguard Emerging Markets (VWO) is up roughly 22%. Meanwhile, the S&P 500 SPDR Trust (SPY) has tacked on 48%. The idea that emerging market stocks provide…

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Domestic ETF Risk Taking Vibrant, International ETF Risk Taking Constrained

By | Asia ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Europe ETFs, Health ETFs, Industrial ETFs, International ETFs, Internet ETFs, Latin America ETFs, Middle East ETFs, Technology ETFs, Telecom ETFs, US Markets and ETFs | No Comments

The S&P 500 has not merely been resilient in its six consecutive weeks of gains. The celebrated U.S. stock benchmark has been unstoppable in its 8.3% unrealized run-up. Granted, nearly everyone expects a period of mild selling activity (a.k.a. “a breather”). Indeed, history certainly suggests that unbridled enthusiasm usually gets a reality check or three. The most popular bugbears? Think in terms of the automatic spending cuts to defense, a free-falling yen and Spain’s rocky road in 2013. In fact,…

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Emerging Market Small Cap ETFs Distance Themselves From 2011 Lows

By | Asia ETFs, China ETFs, Current Affairs and ETFs, Dividend ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Frontier Market ETFs, Latin America ETFs, Middle East ETFs, Small Cap ETFs | No Comments

Even the bulls have been hedging their commentary lately. For example, Blackrock’s Bob Doll frequently points to accommodative monetary policy, strong corporate results and an increasingly self-sustaining economy as reasons for stocks to grind higher. More recently, though, the chief equity strategist acknowledged economic malaise by philosophizing, “A significant acceleration or deceleration in the pace of jobs growth has the potential to change almost anything.” Translation? Stocks are currently pulling back. However, if corporations refrain from hiring on a large scale going forward, the anticipated sell-off…

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Emerging Market Stock ETFs Will Have The Final Say

By | Asia ETFs, China ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Frontier Market ETFs, Global ETFs, Large Cap ETFs, Latin America ETFs, Middle East ETFs, Small Cap ETFs, Special Sectors ETFs, US Markets and ETFs | No Comments

The emerging market growth story is beautiful in its simplicity. Younger people with increasing amounts of income in industrializing countries should drive demand for more products, services, infrastructure and housing. Of course, the emergers are not without their concerns. They face more vexing inflation than developed economies. They’re more dependent on the natural resources they can or cannot export. And political stability for emerging countries may be a bit of an oxymoron. The last 6 months have been somewhat troubling for the emerging world. The iShares MSCI Emerging…

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Should You Remain Diversified Or Should You Abandon Emerging Market ETFs?

By | China ETFs, Current Affairs and ETFs, Emerging Market ETFs, ETF Philosophy, ETF Strategy, Frontier Market ETFs, Latin America ETFs, Materials ETFs, Middle East ETFs, Natural Resources ETFs, Technology ETFs, US Markets and ETFs | No Comments

The media remain hell-bent on describing U.S. economic acceleration, Dow 12000 and marginal labor market improvements. The analysts seem equally giddy, reiterating quotable notables like “Don’t fight the Fed!” or “Don’t fight the tape!” I agree that there are reasons to be hopeful. We’ve been privy to robust corporate earnings as well as strong corporate balance sheets, share buybacks and a variety of key acquisitions. Yet I don’t agree that investors can disregard the impact of world central bank policy; I certainly don’t think that…

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Egyptian Riots Highlight Near-Term Strengths in Agribusiness ETF, Oil Services ETFs

By | Commodity ETFs, Current Affairs and ETFs, Energy ETFs, ETF Strategy, Global ETFs, Middle East ETFs, Natural Resources ETFs, US Markets and ETFs | No Comments

The first rumblings of protest in Egypt actually hit international newswires on Wednesday, 1/26. However, world markets didn’t seem to care until Friday, 1/28… on the third day of street riots. And even as the crisis seemed to intensify over the weekend , stocks and commodities continued their march higher on Monday, 1/31. For some, then, what happens in Egypt is staying in Egypt.  A “Why” analysis on the rioting has identified high unemployment, under-employment and sharp disapproval of government direction. When you think about…

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