Since hitting a high on April 4, the SPDR S&P 500 ETF
) has fallen over two percent as the momentum stocks have succumb
The ETF breached the 50-day moving average for the second time
this year during the pullback before attempting to rally this
The choppy trading has not affected the overall market too
much, but individual stocks and ETFs have fared much worse.
Meanwhile, a handful of international ETFs have been able to
avoid the selling and have attracted buyers as U.S. stocks
struggle. The one trend that has been evident overseas has been
money flowing into emerging and frontier markets.
Many of the countries underperformed the U.S. last year, but
have now reached levels that are attractive on a valuation
Global X Nigeria Index ETF (NYSE:
The country more known for corruption and geopolitical
concerns than the fact they are the Africa's largest oil producer
has a bright future. According to the U.N., the country could
have a population that is larger than the U.S. by 2050 and with
that magnitude of growth there are investment opportunities.
ETFs Moving On Earnings
The beauty of an ETF is that investors are able to gain access
to a wide range of stocks and sectors within Nigeria. The
continents largest economy, according to the country's numbers
will provide big upside potential, however investors must be
aware of high volatility and the potential of sizable
iShares MSCI Philippines ETF (NYSE:
The ETF has quietly put together a solid 2014 with a gain over
13 percent for the year. This follows a great 2012 and a loss of
8.5 percent last year. The trend has appeared to shift back to
the bullish side as the extremely young country, median age of
23, is back on the right track.
The financial stocks make up the largest portion of the
portfolio, which is a positive as consumption has been steady
along with the probability of more infrastructure projects in the
iShares MSCI Thailand Capped ETF (NYSE:
Even though political tensions have been increasing over the
last few months the ETF has been able to shrug off worries as it
is now at the in five months and is up 10 percent in 2014.
Similar to EPHE, the ETF struggled in 2013 before finding a
bottom earlier this year. It appears investors are looking past
the current situation and investing for the long-term positive
outlook for the Southeast Asian economy.
© 2014 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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