These 15 newly rated ETFs by TSC Ratings have made their debut by slamming headlong into a serious correction.
The one-month and three-month returns reflect the problems out there -- and the key takeaway is that the once-high-returning Non-U.S. Equity category (ETFs invested in foreign markets) is experiencing negative returns in line with the U.S. market. This clearly shows that the U.S. correction is a global phenomenon and lays to rest the notion that other economies would not be adversely affected by the problems here.
The stellar performance of the foreign markets that, according to our data, started all the way back in 2002-03 and continued to the early part of this year, led many investment companies to roll out more product focused on overseas markets. But, as in the case of the housing market, these foreign ETFs reached their maximum supply at a point when their markets were on the precipice of a decline.
Unlike the correction in 2001 there seems to be very few, if any, places to hide in this downturn.
|Fund Name||Ticker||TSC Ratings Grade||1 Month Return||3 Month Return||Category|
|PowerShares Dynamic Asia Paci Opp||PUA||E-||-8.48||-10.84||Non-US Equity|
|PowerShares Dynamic Dvpld Intl Opp||PFA||E+||-8.71||-7.6||Non-US Equity|
|HealthShares Eur Medical Prdt & Dev||HHT||E||-8.84||-7.53||Sector - Health/Biotechnology|
|PowerShares FTSE RAFI Dvlp Mkt exUS||PXF||D||-8.96||-11.66||Non-US Equity|
|PowerShares FTSE RAFI Asia Pacific||PAF||E-||-9.09||-10.12||Non-US Equity|
|PowerShares FTSE RAFI Europe Portf||PEF||E||-9.59||-13.29||Non-US Equity|
|PowerShares FTSE RAFI Japan Portf||PJO||D-||-9.96||-3.46||Non-US Equity|
|SPDR S&P BRIC 40 ETF||BIK||D-||-10.3||-4.07||Non-US Equity|
|PowerShares Global Clean Energy||PBD||E||-10.92||-6.34||Sector - Energy/Natural Res|
|WisdomTree Intl Real Estate Fund||DRW||E-||-11.95||-17.95||Non-US Equity|
|Claymore Clr Glb Ex Brok & Ass Man||EXB||E-||-12.42||-18.55||Global Equity|
|Claymore/BBD High Income Index ETF||LVL||E-||-13.02||-12.35||Equity Income|
|PowerShares Global Water Portfolio||PIO||E-||-13.11||-8.07||Sector - Energy/Natural Res|
|iShares Dow Jones EPAC Select Div||IDV||E||-13.54||-17.39||Non-US Equity|
|PowerShares Dynamic Europe||PEH||E||-15.24||-17.69||Non-US Equity|