ETF Update
IShares' Bellwether ETF Beaten by Upstart
The above describes simple avoidance of the problem area. The FTSE Nordic 30 ETF has risen 4.4% since it debuted in August, compared with 1.67% for the EAFE fund. That is substantial in terms of broad-based index investing. The FTSE Nordic 30 ETF has outperformed the EAFE by 3.6%.
Avoidance is a key concept in this discussion. The task of correctly assessing how bad things will get, or not get, in Europe would be difficult to do because of the many moving parts and surprises. It makes more sense to let other people sort it out while investing in regions of the world that, based on what we know now, stand to be minimally affected by the fundamentals in Europe. In addition to the Nordics, I would include Canada and Australia as investment destinations least likely to be hurt but the goings on in Europe.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,454.83 | 1,317.82 | 2,837.53 | 17.45 |
Oil *
107.26
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DOWN
74.92 |
DOWN
2.86 |
DOWN
1.85 |
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0.14 |
10 Yr
1.74%
SPDR Gold
152.68
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-0.60%
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-0.22%
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-0.07%
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-0.80%
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