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20 May, 2012 | 06:49
• India's forex reserves drop by $1.37 billion
• India's forex reserves drop by $1.37 billion
19 May, 2012 | 06:54
• Asian Currencies Fall Most Since November as Europe Risks Mount
• Asian Currencies Fall Most Since November as Europe Risks Mount
18 May, 2012 | 06:40
• Mexican economy picks up pace at start of 2012
• Mexican economy picks up pace at start of 2012
16 May, 2012 | 07:18
• S.Africa stocks lower as euro worries hammer miners
• S.Africa stocks lower as euro worries hammer miners
13 May, 2012 | 06:20
• Russia Stocks Drop 2nd Day on Oil at 2012 Low; Lukoil Retreats (Update 1)
• Russia Stocks Drop 2nd Day on Oil at 2012 Low; Lukoil Retreats (Update 1)
12 May, 2012 | 06:06
• US knocks WTO to seek dispute settlement with India
• US knocks WTO to seek dispute settlement with India
11 May, 2012 | 06:39
• China's exports and imports see slower growth
• China's exports and imports see slower growth
9 May, 2012 | 06:47
• Indian apparel exports grow 20% to $13.5 billion
• Indian apparel exports grow 20% to $13.5 billion
8 May, 2012 | 07:46
• The case for frontier markets
• The case for frontier markets
7 May, 2012 | 08:32
• Emerging Stocks Extend Worst Slump Since 2008 on French Election
• Emerging Stocks Extend Worst Slump Since 2008 on French Election
6 May, 2012 | 06:38
• Russia Stocks Drop as Economic Woes Drive Oil Below $100
• Russia Stocks Drop as Economic Woes Drive Oil Below $100
5 May, 2012 | 06:41
• Indonesia to tax exports of raw minerals
• Indonesia to tax exports of raw minerals
4 May, 2012 | 06:41
• Clinton urges China to help on Iran, North Korea
• Clinton urges China to help on Iran, North Korea
3 May, 2012 | 06:59
• Asia shares rise as US data soothes slowdown
• Asia shares rise as US data soothes slowdown
2 May, 2012 | 06:03
• US puts India, China, Pakistan on Intellectual Property Rights watch list
• US puts India, China, Pakistan on Intellectual Property Rights watch list
1 May, 2012 | 06:59
• South African Road Tolls Delay May Add to Government Debt
• South African Road Tolls Delay May Add to Government Debt
30 April, 2012 | 07:13
• India economy hit by reform paralysis
• India economy hit by reform paralysis
29 April, 2012 | 06:37
• U.S. Job Market Weak; Brazil Job Market Strong
• U.S. Job Market Weak; Brazil Job Market Strong
28 April, 2012 | 07:00
• Slovakia to tax rich but vows tight spending
• Slovakia to tax rich but vows tight spending
27 April, 2012 | 06:24
• Global food prices up, poor at risk: World Bank
• Global food prices up, poor at risk: World Bank
An Emerging-Markets ETF With Narrow Focus
24 January, 2012 | 06:50
NEW YORK (TheStreet) -- Equity markets are 12 years into a period where the broadest index investing has yielded disappointing results when compared to the past decades of the 1980s and 1990s.
This has lead exchange-traded fund companies to offer funds that track not-so-broad indices that offer the potential for better returns.
One such fund recently launched is the iShares MSCI Emerging Markets EMEA Index Fund(EEME_).
EMEA stands for (eastern) Europe, the Middle East and Africa. EEME carves out these exposures from the more familiar iShares MSCI Emerging Markets Index Fund(EEM_).
South Africa is the largest country in EEME at 44%, followed by Russia at 30%. Poland and Turkey get mid-single-digit weightings with a few other countries getting less than that.
The only Middle East exposure appears to be 1.62% in Egypt.
The huge exposures to South Africa and Russia, of course, mean that the fund is very resource-oriented at the sector level, with energy at 28% and materials 16%.
Financial stocks also feature prominently at 24% as just about every emerging-market country has one or two relatively large banks.
Russian oil giant Gazprom (OGZPY.PK) is the largest individual holding by far at 9%, followed by South African telecom MTN Group (MTNOY.PK) and Lukoil (LUKOY.PK), which is another Russian oil company.
Among the 129 total holdings, the largest 19 companies are from either South Africa or Russia.
Given that EEME is a carve-out from EEM it makes sense to compare the two to see what advantage the new fund might offer. EEM has double-digit weightings in China, South Korea and Taiwan.
The debate rages on as to whether China is in for a hard landing. If so, then it stands to reason that Chinese equities would do poorly and Taiwan, being very closely linked, would likely decline in sympathy.
South Korea is a unique situation as the recent regime change increases the likelihood of instability.
South Africa has its own risks, including high unemployment, which leads to the potential for social instability. At times, South Africa also has problems creating enough electricity to keep the mines operating.
The potential of South Africa is obviously greatly diminished without mine production.
One such fund recently launched is the iShares MSCI Emerging Markets EMEA Index Fund(EEME_).
EMEA stands for (eastern) Europe, the Middle East and Africa. EEME carves out these exposures from the more familiar iShares MSCI Emerging Markets Index Fund(EEM_).
South Africa is the largest country in EEME at 44%, followed by Russia at 30%. Poland and Turkey get mid-single-digit weightings with a few other countries getting less than that.
The only Middle East exposure appears to be 1.62% in Egypt.
The huge exposures to South Africa and Russia, of course, mean that the fund is very resource-oriented at the sector level, with energy at 28% and materials 16%.
Financial stocks also feature prominently at 24% as just about every emerging-market country has one or two relatively large banks.
Russian oil giant Gazprom (OGZPY.PK) is the largest individual holding by far at 9%, followed by South African telecom MTN Group (MTNOY.PK) and Lukoil (LUKOY.PK), which is another Russian oil company.
Among the 129 total holdings, the largest 19 companies are from either South Africa or Russia.
Given that EEME is a carve-out from EEM it makes sense to compare the two to see what advantage the new fund might offer. EEM has double-digit weightings in China, South Korea and Taiwan.
The debate rages on as to whether China is in for a hard landing. If so, then it stands to reason that Chinese equities would do poorly and Taiwan, being very closely linked, would likely decline in sympathy.
South Korea is a unique situation as the recent regime change increases the likelihood of instability.
South Africa has its own risks, including high unemployment, which leads to the potential for social instability. At times, South Africa also has problems creating enough electricity to keep the mines operating.
The potential of South Africa is obviously greatly diminished without mine production.
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