ETF Trends
04-13-2008, 03:12 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/04/10/3137169225.jpeg (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/3137169225.jpeg) Switzerland recently got socked by the global credit crunch, but the country and its exchange traded fund (ETF) seem to be in recovery mode.
The Swiss bank UBS (UBS (http://finance.yahoo.com/q?s=ubs)) had write-downs in the billions last week. Around the same time, mutual funds investing in the country began experiencing inflows. Year-to-date, those funds have reported $2.4 billion in inflows, the bulk of which took place last week, reports Trang Ho for Investor's Business Daily (http://biz.yahoo.com/ibd/080409/etf.html?.v=1).
It's a turnaround from last year, when those funds experienced $280 million in outflows.
iShares MSCI Switzerland (EWL (http://finance.yahoo.com/q?s=ewl)) has gained 1% during the past year. Year-to-date, it's down 0.6%, but in the last month, it's moved up 2.9%.
One economist predicts more reports of losses and more financial turmoil through the end of the second quarter.
The financial sector accounts for 15% of the Swiss gross domestic product (GDP), and it could make or break the overall economy. The financial sector in the ETF is the third heaviest weighting at 22.6%. The top two are healthcare (30.4%) and consumer goods (25.5%).
UBS is the third-largest holding in the fund, as well, with 5.6% of the assets. The other two holdings have a bigger share of the assets: Nestle has 18.3% and Roche Holding has 14.1%.
http://www.etftrends.com/images/2008/04/11/z_3.png (http://etftrends.typepad.com/photos/uncategorized/2008/04/11/z_3.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/269337483/swiss-etf-recov.html)
http://www.etftrends.com/images/2008/04/10/3137169225.jpeg (http://etftrends.typepad.com/photos/uncategorized/2008/04/10/3137169225.jpeg) Switzerland recently got socked by the global credit crunch, but the country and its exchange traded fund (ETF) seem to be in recovery mode.
The Swiss bank UBS (UBS (http://finance.yahoo.com/q?s=ubs)) had write-downs in the billions last week. Around the same time, mutual funds investing in the country began experiencing inflows. Year-to-date, those funds have reported $2.4 billion in inflows, the bulk of which took place last week, reports Trang Ho for Investor's Business Daily (http://biz.yahoo.com/ibd/080409/etf.html?.v=1).
It's a turnaround from last year, when those funds experienced $280 million in outflows.
iShares MSCI Switzerland (EWL (http://finance.yahoo.com/q?s=ewl)) has gained 1% during the past year. Year-to-date, it's down 0.6%, but in the last month, it's moved up 2.9%.
One economist predicts more reports of losses and more financial turmoil through the end of the second quarter.
The financial sector accounts for 15% of the Swiss gross domestic product (GDP), and it could make or break the overall economy. The financial sector in the ETF is the third heaviest weighting at 22.6%. The top two are healthcare (30.4%) and consumer goods (25.5%).
UBS is the third-largest holding in the fund, as well, with 5.6% of the assets. The other two holdings have a bigger share of the assets: Nestle has 18.3% and Roche Holding has 14.1%.
http://www.etftrends.com/images/2008/04/11/z_3.png (http://etftrends.typepad.com/photos/uncategorized/2008/04/11/z_3.png)
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/269337483/swiss-etf-recov.html)