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ETF Spotlight Newsletter
A sampling of research & data from AltaVista Research
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In This Issue
Chart of the week
Fund focus
New coverage
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Coverage at a glance
No. of ETFs
653

Total Mkt Cap ($bns)

$761.7

Avg. daily value traded ($bns)

$53.0
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June 13, 2011
Greetings!

Below please find the ETF Spotlight newsletter containing highlights of the research and data on www.etfresearchcenter.com as well as a recap of the past week's action in the ETF market. 

In this week's issue

globeAsian Titans of Technology  
  • Chart of the week: Sector breakdown of iShares MSCI Taiwan (EWT) and Korea (EWY
  • Fund Focus: iShares MSCI Korea fund (EWY)
  • Revisions, asset flows & short interest
  • 2011 Dividend per share estimates, annual change, and yield for major ETFs
  • Market monitor - movers & categories
To download the full newsletter click here.

Chart of the week
Asian Titans of Technology

The iShares MSCI Taiwan (EWT) and Korea (EWY) funds are the two country funds to offer significant Tech exposure outside the U.S. Korea has a bit less but probably a better sector balance overall, and enjoys a higher ALTAR Score rating of 8.2% versus 5.7% for Taiwan. A third fund, the iShares S&P Asia 50 (AIA) has about 26% of assets in Tech, but it is also heavily exposed to Financials (including Chinese banks!), a sector which investors may want to avoid. Korea is the subject of this week's Fund Focus


Download the full newsletter here.    

Chart: Sector breakdown, Taiwan and Korea funds  
 
EWT sectorEWY sector
Source: AltaVista Research  

Fund Focus
iShares MSCI Korea (EWY)Korea
 

Both margins and ROE appear to be holding steady near peak levels, but robust sales growth powered by Korea's Tech and Industrial giants should allow EPS to continue growing at double digits through 2012. Meanwhile, Korean stocks still trade at reasonable valuation multiples, giving them a higher ALTAR Score than stocks in the Taiwan (EWT) or Japan (EWJ) funds. 


To download the full newsletter, click
here.

New coverage
 
We recently added coverage of 40 new ETFs since our last newsletter, bringing the total to 653 funds. Check ETF Research Center for details on any of them.

TickerFund Name
SCHHSchwab US REIT
SCHMSchwab US Mid Cap
GGGGGlobal X Pure Gold Miners
TSXVGlobal X S&P/TSX Venture 30
XOILGlobal X Oil Equities ETF
ARGTGlobal X FTSE Argentina 20
WSTEGlobal X Waste Management
FLGFocus Morningstar Large Cap
FMMFocus Morningstar Mid Cap
FOSFocus Morningstar Small Cap
FBMFocus Morningstar Basic Materials
FCQFocus Morningstar Communication Services
FCLFocus Morningstar Consumer Cyclical
FCDFocus Morningstar Consumer Defensive
FEGFocus Morningstar Energy
FFLFocus Morningstar Financial Services
FHCFocus Morningstar Health Care
FILFocus Morningstar Industrials
FRLFocus Morningstar Real Estate
FTQFocus Morningstar Technology
FUIFocus Morningstar Utilities
HDViShares High Dividend
FNYFirst Trust Mid Cap Growth
FNKFirst Trust Mid Cap Value
FYTFirst Trust Small Cap Value
FYCFirst Trust Small Cap Growth
COLXMarket Vectors Colombia
EDIVSPDR S&P Emerging Markets Dividend
RSXJMarket Vectors Russia Small
GERJMarket Vectors Germany Small
MCHIiShares MSCI China
FDTFirst Trust Developed Markets ex-US
FPAFirst Trust Asia Pac Ex-Japan
FEPFirst Trust Europe
FLNFirst Trust Latin America
FKOFirst Trust South Korea
FJPFirst Trust Japan
FCAFirst Trust China
FBZFirst Trust Brazil
CROPIQ Global Agribusiness Small Cap
As always your questions & feedback are most welcome.
 
Sincerely,
 
Michael Krause
AltaVista Research