Two Plays Down Under

Every so often I get an email from a reader asking why I profile some exchange-traded funds that have very little volume.

The idea is straightforward: Some of these funds will absolutely be the best way for investors to access certain parts of the market.

So it might be with the WisdomTree Pacific Ex-Japan High-Yielding Equity fund (DNH Quote) as a proxy for investing in Australia.

I first wrote about Australia as an investment destination last September, and the simple argument remains the same: As a commodity-based economy, Australia stands to be at different points in the economic and stock market cycles than the U.S. -- it zigs when the U.S. equity market zags. ...