Category Archives: International ETF

International ETF

Vietnam ETF (VNM) Launches

Leave a comment

I’ve been wondering when a Vietnam ETF would launch and today it’s happened.  Van Eck Global has released the Market Vectors Vietnam ETF (ticker: VNM) which began trading on the NYSE Arca.  The country’s benchmark index comprised of 162 companies on the Ho Chi Minh City Stock Exchanged is up 61% YTD and weighted more towards financials, energy and materials.  The companies generate at least 50% of their revenue within Vietnam.

Here’s a quote from Van Eck:

“Vietnam is one of the world’s most populous nations, and its well-educated, young population — nearly half of the country’s 90 million residents are under the age of 25 — provides strong underpinnings for local economic growth.”  The country’s GDP is expected to grow about 5% this year.  Outstanding in this economy.

International ETF, ProShares 2x

Does Launch Of 4 New ProShares Leveraged International ETFs Indicate A Top?

Leave a comment

The ProShares and Direxion leveraged ETF’s have been extremely popular so it comes as no surprise they continue to launch new leveraged funds.  Yesterday, ProShares added 4 new leveraged international ETFs that seek to capture 2x the daily performance of the underlying benchmarks.  Here are the funds:

  • ProShares Ultra MSCI EAFE (NYSE Arca: EFO)
  • ProShares Ultra MSCI Emerging Markets (NYSE Arca: EET)
  • ProShares Ultra FTSE/Xinhua China 25 (NYSE Arca: XPP)
  • ProShares Ultra MSCI Japan (NYSE Arca: EZJ)

  • Does the launch of these 4 funds indicate a top approaching in international and emerging market ETFs.  Perhaps, but I wouldn’t make large bets on that just yet.  Most markets remains in strong up trends.  I’d expect these ETF’s to be just as popular as the inverse versions were, I’m just wondering why they didn’t launch them in pairs at the same time.  The inverse counterparts of the above ETF’s have been around for nearly two years.  Here are the inverse versions:

    • ProShares UltraShort MSCI EAFE (NYSE Arca: EFU)
    • ProShares UltraShort MSCI Emerging Markets (NYSE Arca: EEV)
    • ProShares UltraShort FTSE/Xinhua China 25 (NYSE Arca: FXP)
    • ProShares Ultra MSCI Japan (NYSE Arca: EWV)
    • What interests me more will be these inverse ETF’s once the markets go into rally correction mode.  They have been slaughtered and once they break their downtrends, should provide big profits.