ETF Trends
05-17-2008, 05:03 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/images/2008/05/15/3861868797.jpeg Southeast Asia's largest telecommunications company had a stellar first quarter - could it benefit Singapore's exchange traded fund (ETF) down the road?
Singapore Telecommunications is 15.2% of the iShares MSCI Singapore (EWS (http://finance.yahoo.com/q?s=EWS)), and is by far the fund's largest holding. SingTel beat expectations with a 4.8% rise in the first quarter. The growth is not expected to continue into the year, however, because of the uncertain global slowdown, reports Thomson Financial on Forbes (http://www.forbes.com/markets/feeds/afx/2008/05/14/afx5006069.html).
The fund didn't see much benefit from the telecom company's performance, as it was down 7.4% in the first quarter. For the current financial year, the company is expecting single-digit revenue growth for its Singapore operations - hopefully the slowed growth won't hurt the fund too much, either.
Meanwhile, EWS is down just slightly year-to-date by 0.2% and it's 3.3% above its trendline.
http://www.etftrends.com/images/2008/05/16/z_7.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/16/z_7.png)
For full disclosure, Tom Lydon's clients own shares of EWS.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/292158928/singapore-telec.html)
http://www.etftrends.com/images/2008/05/15/3861868797.jpeg Southeast Asia's largest telecommunications company had a stellar first quarter - could it benefit Singapore's exchange traded fund (ETF) down the road?
Singapore Telecommunications is 15.2% of the iShares MSCI Singapore (EWS (http://finance.yahoo.com/q?s=EWS)), and is by far the fund's largest holding. SingTel beat expectations with a 4.8% rise in the first quarter. The growth is not expected to continue into the year, however, because of the uncertain global slowdown, reports Thomson Financial on Forbes (http://www.forbes.com/markets/feeds/afx/2008/05/14/afx5006069.html).
The fund didn't see much benefit from the telecom company's performance, as it was down 7.4% in the first quarter. For the current financial year, the company is expecting single-digit revenue growth for its Singapore operations - hopefully the slowed growth won't hurt the fund too much, either.
Meanwhile, EWS is down just slightly year-to-date by 0.2% and it's 3.3% above its trendline.
http://www.etftrends.com/images/2008/05/16/z_7.png (http://etftrends.typepad.com/photos/uncategorized/2008/05/16/z_7.png)
For full disclosure, Tom Lydon's clients own shares of EWS.
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/292158928/singapore-telec.html)