Reflecting this nation's dominance in global the shipping industry, Greece accounts for the single largest geographic chunk of SEA, with 18.5% of the fund's portfolio. The U.S., Bermuda and Japan are next, at 12.3%, 10.3%, and 10.2% of assets, respectively.
So far, investor interest in SEA has been strong. The fund currently changes hands more than 80,000 times each day, making it adequately liquid for most investors.
Looking to the near and long term future, the forecast for SEA's performance is questionable. Obviously, the fund's heavy exposure to Greece will pose a threat to the fund's future stability as Europe remains embattled in its debt crisis.
Additionally, the recent dismal performance from the Baltic Dry Index may leave some investors concerned about the shipping industry's prospects. The Baltic Dry Index tracks the average shipping rates for dry goods and is typically viewed as a leading macro indicator. Last week, an increase in the supply of vessels and weaker demand caused the index to take a nosedive, suffering its biggest loss since 2008.With the return of SEA, investors once again have the opportunity to track the performance of the maritime industry from a pure play perspective. The fund's future, however, ultimately depends on the global economy's ability to maintain its footing on the road to recovery. -- Written by Don Dion in Williamstown, Mass.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV