Newly Rated ETFs Show Few Places to Hide

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