Investors in exchange-traded funds focusing on Latin America were celebrating like it was still Carnival throughout the month of May.
Five of the top 10 ETF performers for the month were Latin American funds, and another, the Claymore/BNY BRIC ETF (EEB Quote), is also significantly invested in the region.
The remaining ETF leaders for the month represent an eclectic mix, including the HOLDRs B2B Internet Fund (BHH Quote), the Market Vectors Steel Index (SLX Quote) ETF, the PowerShares Golden Dragon Halter USX China Portfolio (PGJ Quote) and the PowerShares Dynamic Oil & Gas Services Portfolio (PXJ Quote).
Some investor uneasiness about new investments in oil producers has led some toward tangential approaches to energy investing. The appearance of the PowerShares Dynamic Oil & Gas Services Portfolio on the leaders list would seem a confirmation of that strategy. On the other hand, that the laggards list includes the United States Oil Fund (USO Quote) and the iPath S&P GSCI Crude Oil Total Return Index ETN (OIL Quote) would indicate investor caution regarding crude oil investments. ...
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