This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dion's Weekly ETF Blog Wrap

NEW YORK ( TheStreet) -- Don Dion posts his current insights on the stock, bond, commodity and currency markets in his RealMoney blog, anticipating which ETFs will be in play next.

Here are three of his blogs from the past week.

Tap the Potential of Southeast Asia

Published 8/18/2010 7:45 AM EDT

Starting today, Vietnam's central bank will be devaluing the country's currency, the dong, by 2.1% against the dollar. These measures -- the announcement of which came yesterday -- are being taken in order to reduce the country's trade deficit, which was twice as large in the first seven months of this year vs. the same period in 2009.

This is not the first recent occasion in which the Vietnamese government has decided to devalue the currency, and it seems unlikely the adjustment will have any lasting positive effect on Market Vectors Vietnam ETF (VNM). Sudden currency shifts generally cause market uncertainty. Furthermore, the last time the dong was devalued in February, VNM rose 0.5% for the month, but the period was a volatile one.

Many are hoping that Vietnam can replicate China's export-led growth spurt, but right now I don't like the prospects for VNM. Especially given the ETF's 5% loss so far this year, there are much better ETF plays for Southeast Asia at the moment. Markets in Malaysia, for instance, are near two-and-a-half-year highs on earnings optimism, which has helped iShares MSCI Malaysia (EWM) to breach its highs for the year in August and to continue to march higher.

> > Bull or Bear? Vote in Our Poll

Year to date, the best-performing Southeast Asia ETF is Market Vectors Indonesia ETF (IDX), though it has languished and begun to trend downward. Meanwhile, the second-best year-to-date performer -- iShares Thailand Investable Market Index (THD) -- is moving steadily higher. Markets in Thailand are currently continuing a growth spurt that had been temporarily interrupted earlier this year by demonstrations in capital city Bangkok.

Thus, for aggressive investors seeking a fund capable of harnessing the powerful growth in the Southeast Asia region, I would go with THD or EWM rather than VNM. For less aggressive investors, I also like iShares MSCI Singapore (EWS).

At the time of publication, Dion Money Management had no positions in the stocks mentioned.

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs