In contrast, all-world ETFs from
Vanguard All World
iShares MSCI All World excluding U.S.
paint a different picture. The negative slope reading of -.04 over the 50-day time frame defines a near-term downtrend for foreign stocks. What’s more, the current price of VEU is well below a 50-day moving average.
For our clients, we’ve had negligible exposure to developed world equities outside the U.S. since 2010. Yet we’ve used
stop-limit loss orders and trend identification
to reduce our exposure to emerging (developing world) stock ETFs here in 2012.
Indeed, U.S. equities are the premier “hold” at this moment. We still maintain our positions in
Vanguard High Dividend Yield
Vanguard REIT ETF
Vanguard Dividend Appreciation
Yet the best investments… and I’ve been saying this for more than a month now… may be those ETFs with historically wide yield spreads with comparable Treasury bonds.
SPDR Barclays Corporate High Yield
JP Morgan Alerian MLP
Claymore Multi-Asset Income
iShares Intermediate Corporate Credit
continue to produce income with less price volatility.
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